Mike Regan retweetledi
Safe Harbor eliminated substantially all debt in Sept 2025. Today: $6M+ cash, $10.5M incremental cash flow secured through 2031, and four new growth platforms launched. bit.ly/3NfzT9T $SHFS
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Mike Regan
419 posts
Mike Regan
@MikeReganInvest
Chief Investment & Strategy Officer at Safe Harbor Financial $SHFS; Substack at https://t.co/lb329XF44E . Not investment advice.
Denver Katılım Mayıs 2012
436 Takip Edilen713 Takipçiler
Mike Regan retweetledi
Quick update: Todd Harrison’s appearance has been rescheduled — we’ll have him on soon. In the meantime, the cannabis conversation continues.
AlphaNooner LIVE TODAY at 12PM ET with Terry Mendez, CEO of @SHFinancialLLC, breaking down cannabis banking at a pivotal moment. In a post-rescheduling world, what actually changes for capital access, lending, and compliance?
Watch live on @X, @YouTube, @LinkedIn, and @Facebook.
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Mike Regan retweetledi
Safe Harbor Financial announces transformational PCCU agreement amendment that fundamentally improves the Company's economics and positions it for accelerated, profitable growth. $9M incremental revenue, $1.5M cost savings. bit.ly/4a6a5Wr $SHFS
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Investors ask: how would Schedule III & SAFER Banking impact $SHFS @SafeHarborFinan? Potential tailwinds - see full details & cautionary forward-looking statements in release below.
Safe Harbor Financial Poised to Gain from Cannabis Rescheduling and SAFER Banking Act
globenewswire.com/news-release/2…
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Mike Regan retweetledi
Safe Harbor (Nasdaq SHFS) will present at the Trickle Research Microcap Conference on November 13 at approximately 11:44 a.m. MST at TopGolf Centennial. $SHFS live webcast link:
youtube.com/live/JFwnC8YEv….
.globenewswire.com/news-release/2…
YouTube
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@NeelyTamminga @Spotify Depends on the price and quality. I can get that from many other sources; if it included the ability to slow down and speed up without changing pitch that would be great
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@1_adoy Thanks @1_adoy, but I didn’t “know”, I thought of a good strategy for the situation & shared the idea publicly in January. Many forwarded the idea as @realcmart has (thanks!). The 5/22 8K are the first baby steps towards my full spin off thesis. Will I see you two at Benzinga?
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I'm excited to work with Terry Mendez at Safe Harbor Financial $SHFS to create new products that help our clients, and help our investors understand our new initiatives!
globenewswire.com/news-release/2…
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THCA is like a key has an extra tooth so it doesn’t fit any locks. Remove the extra tooth and the remaining key (THC) is similar to neurotransmitter anadamide so it also binds to CB1 and CB2 receptors (locks) in the mammalian endocannabinoid system (nervous, digestion, immune)
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THC’s molecular weight is 87.7% of THCA; the lower tax rate is converting to the weight of the THC, otherwise the carboxyl group (COOH) is also taxed. Delta 8 / 9 / 10 THC all have the same molecular weight but different shapes; the number is which carbon atom has the double bond
Pat Oglesby@OglesbyPat
Question: If A jurisdiction taxes cannabis by potency – some number of cents (or fraction of a cent) per milligram of THC, call it X – what should the tax rate be on delta-8 THC and the other cannabinoids? For instance, Connecticut has a lower rate for THC-A. #marijuana #hemp
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@OglesbyPat THC’s molecular weight is 87.7% of THCA; the lower tax rate is converting to the weight of the THC, otherwise the carboxyl group (COOH) is also taxed. Delta 8 / 9 / 10 THC all have the same molecular weight but different shapes; the number is which carbon atom has the double bond
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Question:
If A jurisdiction taxes cannabis by potency – some number of cents (or fraction of a cent) per milligram of THC, call it X – what should the tax rate be on delta-8 THC and the other cannabinoids? For instance, Connecticut has a lower rate for THC-A.
#marijuana #hemp
Pat Oglesby@OglesbyPat
@shermanmicah @CorvaDr @SteveTransform @TransformDrugs CT taxes THC-A less than THC -- Tax is on total THC:(60) “Total THC” means the sum of the percentage by weight of tetrahydrocannabinolic acid, multiplied by eight hundred seventy-seven-thousandths, plus the percentage of weight of THC.
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credit to @cantripguy for the photo of THC drinks in a liquor store, and a hat tip to @timothy_dexter_ who has marveled at how many people don't really understand THCA flower (which inspired this article)
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Last week $SAM founder Jim Koch noted that Hemp THC drinks are "a much bigger threat than weed was" for alcohol sales trends, but are you confused about D9Hemp Bevs vs THCA vs MJ?
See my latest Substack for a simple analogy
open.substack.com/pub/mikeregan/…
L/ $AGFY $GTBIF $GLASF $VFF
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@ScottAtkison @aaronvalue @kylekazanceo @GlassHouseBR 10.7% implied rate on $40m '30= excellent for cannabis which has almost no access to capital. Actually 89bps lower than ML CCC HY index=11.6%; $GLASF better than CCC credit but risk = Federally illegal. Like all HY, equity is levered to growth; $GLASF +150% prod. w +GH2+3+4 /Long
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@aaronvalue @kylekazanceo @GlassHouseBR Borrow $50, have access to $40 (net of restricted cash), pay interest on $50. That's a great deal? Cannabis debt expensive. Those are decent equity returns.
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Great day for the cannabis industry and for @GlassHouseBR!
Glass House Brands Inc.@GlassHouseBR
Glass House Brands Announces New $50 Million Senior Secured Loan “I’m excited to share the great news that Glass House has secured a new senior secured credit facility,” @kylekazanceo , Co-Founder, Chairman and Chief Executive Officer of Glass House, commented. “Refinancing the credit facility strengthens our balance sheet, significantly improves our cashflow and pushes out the maturity of our senior secured debt into 2030. By negotiating this facility directly with the lender, Glass House has continued its tradition of cutting costs by arranging our own financing. The lender’s approval of the credit facility and the favorable terms of the loan are a testament to the strength of our long-standing relationship with the bank and to our shared vision of enabling this Company to continue its rapid growth. I’m particularly excited that our company has finally received debt with a rate and terms which are comparable to non-cannabis businesses.” “The new loan will result in a net cash inflow of $8.1 million after paying $41.0 million for the balance of the previous loan plus fees and after paying legal and loan fees for the new loan. The interest rate will be fixed at 8.58% for the term of the loan." glasshousebrands.com/press-release/…
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@aaronvalue 54.82m >21 yr olds in 2023 consume in last year basically flat vs '22, 39.337m in past month up 4% vs 2022, per 2023 study Table 1.7A
Also note all the growth in 23 vs 22 is in 26+ yr olds +1.8%; 12-17 yr olds -1.7% , 18-25 -6.4%.
samhsa.gov/data/report/20…
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Does anyone have a good estimate for how many cannabis consumers there are in the U.S.? Any sources?
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@curated_value That's why I've viewed valuation, margins, & leverage ratios with "EBIDA" since 2021. I also have always included tax payables as debt in EVs and leverage ratios since unpaid 280E taxes are functionally loans from the IRS. EBITDA would apply once Schedule 3 removes 280E taxes.
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I think EV/EBITDA is a useless valuation metric for US cannabis companies subject to 280E. Taxes are one of their biggest expenses and shouldn't be ignored. EBITDA is a horrible proxy for cash flow for cannabis companies.
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@aaronvalue had to dig a little but I found it - SAMHSA study (division of HHS). It has actual numbers slightly different than first tweet (I converted to %s two years ago and then back to numbers today😆) in 2021 US 18+ 49.730m in last yr 34.864m last month
samhsa.gov/data/sites/def…
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@aaronvalue My 2023 launch report had a US HHS study saying 18.3% of Americans >18 (=258.4m) consuming in prior year = 47.3m & 13.5% prior month = 35.9m. Colorado study said 19% of >21 4.3m=825k in prior month, Canada study had 27% of 30.6m 16+ in past 30 days=8.3 m.
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