Mike Meade

@timothy_dexter_ I could be completely wrong, but my understanding is that if they’re still using the same tax position that originally led to the refund, and the IRS audits them, the IRS can reopen those earlier years even if they’re normally outside the statute of limitations

Welp, correct me if I'm wrong but Federal Govt just sued TerrAscend to claw back this refund. Govt claims these amended deductions were barred under 280E as canna remained federally illegal in 2020, and says the refund should not have been issued without Joint Committee on Taxation review due to size.

@FreightAlley Why would shippers go spot rather than contract in a tightening market?

RXO earnings are out. Lots of momentum, setting up for a much stronger year, increasing outlook. Driven by increased spot activity, which is very different than what DAT is reporting on spot load posting volumes. It suggests that RXO is gaining market share on spot opportunities (which have much higher margins in an upcycle) than the broader market. Makes sense, RXO relies far more on their own carrier network than other brokers which spray and pray post on loadboards. Large shippers have increased diligence on brokers to ensure that providers are financially viable and have proper security and compliance screening for motor carriers. RXO being public and having a large internal network offers massive advantage over smaller players. Margin per load increasing - which is hard to do in a market like the current one. (Buy rates "spot" increasing much faster than "contract"). Feels like RXO is setting up for a nice breakout in earnings in 2H.

I respect the hustle at cura. Adding back rent and salaries to adjusted ebitda is innovative.

@srg444 *Sales were lower in q1 than they were in q4 and q3. I am sure there were many people that said RTD coffee never had a chance, but it's a large market today. Guess time will tell

@curated_value Not sure how you came to conclusion that non license revenue didn’t grow in q4. It did. $3.7 vs $3.5. Hear you, but bevs will be largest form factor by far.

$RYM horse has left the stable $GTBIF owners, watch the periphery

@fatehsmann @CannaVestments @micklockwood4 Also first full month with SB56 going into effect, so may have had people worried about going to Michigan to get product. Store openings were also up meaningfully YoY. I don’t think hemp is the boogeyman people make it out to be

@CannaVestments @micklockwood4 Q1 sales were up ~20% already before the hemp ban- and April is always a bit weird. Not sure if we can attribute this to hemp yet.

Perhaps a preview for what's to come nationwide once the federal ban takes place

@srg444 The kovlers are a Jim beam family. Partnering with brown forman would be sacrilegious

If Brown-Forman was more focused on protecting its legacy it should write a $50MM check into $RYM and help that team build a 10 share in a $20BN market staring us in the face $BF.A

my math was wrong. Forgot to factor in the redemption date is 30 days after the notice, which makes it closer to 1 month than the 2 months.

Would be closer to $0.30 if they chose to do so, still double the current warrant price

If Glass House closes above $10 today they can force redemption of the warrants for fractional shares valued at $0.65 per warrant. Don’t think they would do this until the stock approaches $11.50, but it’s an option they have

@GreenWaveMJ @V_arrell what are your thoughts on how efficiently the companies will be able to allocate corporate G&A, interest, etc. to their medical entities. If the corporate employees are employees of parent co., wouldn’t 280e still apply as parent co is still touching federally illegal rec cannabis. Similar scenario with interest, if parent co issued th debt, will the medical entities be able to write off that interest and see the 280e relief?

@FreightAlley @teddyj_CEO I think it would be a great topic for the next State of Freight

@teddyj_CEO @TheGrandkansan @NASTCTWEETS Most of the folks that hedge fuel in trucking are midsized 100-500 truck operators… we studied this deeply when launching trucking futures

I’m 32 years old and just bought my first W900 from a neighbor who recently retired. It wasn’t planned, but I couldn’t pass up the opportunity. Decals are on, starting to feel official.

@GreenWaveMJ Corporate controllers reading the news

"Marijuana or marijuana-derived products that are not distributed through a state medical marijuana program will continue to be classified in Schedule I." So now what? Will all rec markets convert to med only? Is this the only way for existing rec market to to avoid 280E? apnews.com/article/medica…

BREAKING: President Trump's acting attorney general reclassifies state-licensed medical marijuana as a less-dangerous drug in a major shift. apnews.com/article/medica…

@barefootman007 Section b. Just needs to close over $10 one trading day. They do have to give a 30 day notice, so my understanding is that you'd still have 30 days to exercise the warrant if glasf trades ITM

@curated_value Big brain in the sky says 20 of 30 trading days. Same big brain that detailed numerous cannabis names added to a global index a month ago though - that never happened, FWIW.

@barefootman007 Need to double check but if memory serves me right it just needs to close above $10 one day

@curated_value Closes above $10 for 20 of 30 trading days, no?

@MitchGordon_ @UScannainvest Not related to any MSOs. They have 2 pretty big brands in IL, revolution and tales & travels

@UScannainvest @curated_value No, I’m Stupid It’s owned by a shell company. Bolden Investments I, LLC, led by CEO Charles Bolden revcanna.com

Interesting Reddit rumor reddit.com/r/ILTrees/s/WH…

My initial read on this was wrong. This new arrangement will replace their current licensing agreement. My speculative take is that the purpose of the new structure is to create consistent and well backed cash flows that would let them add more leverage to the BS and chase some brand acquisitions. But realistically, the money will probably just go toward funding their cash burning bev segment