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The Market for Cannabis Companies Continues to Grow and See Rising Sales Numbers as More and More States in the U.S. Legalize Marijuana and for Some Companies, Like Curaleaf, 2021 May Be Better Financially Than Anyone Expected Based on its Most Recent Quarterly Report Curaleaf (CSE:CURA) (OTCQX:CURLF), showed strong first-quarter earnings. These earnings have put them on track to deliver well-above-consensus numbers for the year. They also beat Curaleaf’s own guidance for full-year revenue ($1.2 billion) and are now expecting $1.3 billion. Analysts believe Curaleaf’s impressive performance is due to a number of factors, one of the most significant being that Curaleaf is an all-encompassing company. Curaleaf has a balance and depth within U.S. markets; they are prepared for federal legalization, and they have a strong balance sheet. ....
The FDA Has Already Authorized Clinical Trials Into the Therapeutic Potential of MDMA for Patients With PTSD, But Now it’s Given the Green Light to a Psychedelics Research Institute to Expand its Studies By Administering the Substance to Certain Therapists Volunteer therapists who are being trained to treat people with PTSD will be able to participate in the Phase 1 trials to gain personal experience with the treatment option. This is a complementary research project that comes as the Multidisciplinary Association for Psychedelic Studies (MAPS) is in the process of conducting Phase 3 trials involving people with the disorder. ....
Certain Highlights for 2020 and Subsequent to the Year-End Include Closing the Platinum Vape and Acreage Florida Acquisitions Red White & Bloom (CSE:RWB) (OTCQX:RWBYF) anticipates filing its 2020 audited financial statements on or before May 31, 2021. As a result of this announcement, RWB provided certain 2020 and subsequent financial results. System-wide product sales for the company, which excludes RWB Michigan, RWB Florida and RWB Illinois, in the fourth quarter of 2020 was approximately CDN $26.5 million, an increase of 218% over the third quarter and the first full quarter post-closing of the Platinum Vape (PV) acquisition. ....