212
Solis Tek (OTC: SLTK), a provider of lighting equipment and nutrients to the cannabis industry, reported Q1 sales of $2.9mm, up 12% from a year ago. It reported an operating loss of $3.73mm, including stock compensation charges of $3.76mm, as it used $432K to fund operations. The company reported 36.59mm shares outstanding as of May 8, and the adjusted share-count factors in options. SLTK reported equity of $1.72mm.
Terra Tech (OTC: TRTC) operates a vertically integrated cannabis operation in Oakland and four dispensaries in Nevada. The company reported Q1 sales of $6.82mm, with $5.89mm from its cannabis operations (compared to just $130K a year ago, when it was solely selling IVXX branded products in California) and $917K from the sale of herbs and produce (Edible Garden). It reported a loss from operations of $6.03mm and used $3.29mm to fund operations during the quarter. The company reported 586.7mm shares outstanding as of May 5, and the adjusted share-count factors in warrants, options and convertible shares. Investors should be aware that the company has convertible debt, which isn’t factored into my adjusted share-count. TRTC reported equity of $49.77mm, including goodwill and intangibles of $52.12mm.
https://www.newcannabisventures.com/5-u-s-cannabis-stocks-on-track-for-10mm-annual-revenue/
GW Pharma Best Medical Marijuana Play in Risky Political Environment
The Trump administration is likely to increase pressure on all cannabis businesses.
GW Pharma remains the best play.
Other cannabis companies represent poor risk/reward.
The policies of the Trump Administration pose a growing risk to all companies involved in the cannabis sphere. Attorney General Sessions is an implacable foe of all things cannabis and can make life difficult in the legal, government approval and finance areas. GW Pharmaceuticals (NASDAQ:GWPH) is furthest down the line in terms of approval and product promise. It still represents the best play for those willing to accept some risk. Recreational cannabis remains an extremely high risk area. This is both in terms of government policy and in terms of the doubtful corporate governance of the players in the market.
https://seekingalpha.com