Pot Companiesâ Hunt for New Markets Heats Up
May 17 2021, 5:48 PM
May 17 2021, 4:30 PM
May 17 2021, 5:48 PM
(Bloomberg) The cannabis land grab is getting more competitive.
(Bloomberg) The cannabis land grab is getting more competitive.
This was illustrated by Trulieveâs $2 billion acquisition of Harvest Health last week, which gives the company access to new states such as Maryland and Pennsylvania. The deal may give Trulieve an edge as it competes with the other major U.S. multistate operators, Green Thumb Industries and Curaleaf Holdings, which have also expanded to new states in recent years. It also shows how thereâs less virgin territory to conquer as legalization spreads.
Embark Health products are being rolled out to online and retail locations throughout Ontario and Saskatchewan. MMJ is set to complete its first non-cannabis investment this month.
MMJ Group Holdings Ltd s (ASX:MMJ) (OTCMKTS:MMJF) Canadian investee Embark Health announced a number of updates on the progress in executing its business plan during April 2021.
These include the successful completion of:
First product shipment to the Ontario Cannabis Store (OCS) with The Hank Co. Bubble Hash. The OCS is the wholesaler and online retailer for recreational cannabis in Ontario;
a product shipment of The Hazel Co. Hash Sticks to the Province of Ontario through the OCS, which is the wholesaler and online retailer for recreational cannabis in Ontario;
Is Grand Canyon Education Inc. (LOPE) A Smart Long-Term Buy?
Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 15.42% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmark, Russell 2000® Value Index, that rose to 21.17% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Small Cap Value Fund, in its Q1 2021 investor letter, mentioned Grand Canyon Education, Inc. (NASDAQ: LOPE), and shared their insights on the company. Grand Canyon Education, Inc. is a Phoenix, Arizona-based educational service company that currently has an $4.3 billion market capitalization. LOPE delivered a -16.40% return in the past month, while its 12-month gains are down by -1.16%. As of May 11, 2021, the stock closed at $93.11 per share.
Wasatch Ultra Growth Fund’s Q1 2021 Investor Letter
Wasatch Global Investors, an investment management firm, published its “Wasatch Ultra Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 4.69% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmark, Russell 2000 Growth Index, that rose to 4.88% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Published on May 12, 2021 at 12:05 pm by Inan Dogan, PhD
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Here’s Why Ebix Inc. (EBIX) Landed in Wasatch Global’s Detractor List
Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 15.42% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmark, Russell 2000® Value Index, that rose to 21.17% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Small Cap Value Fund, in its Q1 2021 investor letter, mentioned Ebix, Inc. (NASDAQ: EBIX), and shared their insights on the company. Ebix, Inc. is an Atlanta, Georgia-based software company that currently has an $868.2 million market capitalization. Since the beginning of the year, EBIX delivered a -26.10% return, while its 12-month gains are up by 57.51%. As of May 11, 2021, the stock closed at $28.06 per share.