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The Week In Cannabis: PA, MD, Big Tobacco, GTI, Sundial, MedMen, Earnings, Financings And More

Cannabis stocks traded mostly in the green this week, as we got into earnings season.
“While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania
,” Debra Borchardt, editor-in-chief of Green Market Report, told Benzinga. “The state reported that in one year it had sold over $900 million in medical marijuana. This demonstrates the demand for cannabis in this state and bodes well for any future adult-use legalization. This is also a big number when one considers that the program has only just gotten underway.” ....

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Novel Financing Platform Lendica Announces Suite Of Partnerships To Help Cannabis Businesses Scale

Novel Financing Platform Lendica Announces Suite Of Partnerships To Help Cannabis Businesses Scale
Lendica partners with suite of industry leaders to help wide variety of small businesses instantly access the credit markets.
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BOSTON, April 1, 2021 /PRNewswire/ Lendica, the first automated financing platform serving the cannabis, hemp, CBD and other high growth industries, has announced a suite of partnerships to help these businesses instantly access capital.
Dispensaries, brands, cultivators and beyond can seamlessly connect data from their business to Lendica s proprietary application center and receive an offer within minutes. The more data a business shares, the more capital they will typically qualify for and oftentimes at better rates. ....

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