Streetbeat News

GDNSF

Goodness Growth Holdings Inc

CEO

Kyle Kingsley

Employees

549

Industry

Pharmaceutical Preparation Manufacturing

Open

0.46

Mkt cap

61M

Volume

71K

High

0.46

P/E Ratio

-2.66

52-wk high

0.68

Low

0.42

Div yield

N/A

52-wk low

0.09

Minnesota's upcoming cannabis licensing in 2025 faces challenges as out-of-state applicants flood the market, potentially diluting local focus. Legal experts discuss the implications for local entrepreneurs and the unique features of Minnesota's cannabis industry, including tribal-owned businesses and restrictions on vertical integration.

Portfolio Pulse from Patricio Liddle

August 24, 2024 | 3:36 pm

A recent report by Pablo Zuanic of Zuanic & Associates analyzes the debt maturities of over 20 multi-state operators (MSOs) in the U.S. cannabis industry. Ascend Wellness Holdings (OTC:AAWH) refinanced $200 million in debt, issuing $235 million in 5-year Senior Secured Notes at a 12.75% coupon rate. Other MSOs with significant debt include Schwazze (OTC:SHWZ), The Cannabist (OTC:CCHW), 4Front Ventures (OTC:FFNTF), Gold Flora (OTC:GRAMF), and Jushi Holdings (OTC:JUSHF). The report also highlights high income tax debt and leverage ratios for several companies, including StateHouse (OTC:STHZ) and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

August 02, 2024 | 3:17 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

Goodness Growth Holdings, Inc. (OTCQX:GDNSF) has announced a name change to Vireo Growth, effective around July 8, 2024, pending regulatory approval. The new ticker symbol will be 'VREOF' on the OTCQX Market in the US. The name change will not affect shareholder rights or require any action from them.

Portfolio Pulse from Nina Zdinjak

July 02, 2024 | 2:00 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

Cannabis analysts may revise 2024 projections as 10 MSOs beat EBITDA estimates by $37M in Q1. Despite this, full-year estimates only increased by $14M, showing a lag in analyst response. Revenue performance varied, with some companies missing estimates. Despite EBITDA beats, 2024 estimates were cut for six companies. TerrAscend, Ascend, and Green Thumb had significant beats, while MariMed had the largest miss. Margin projections for the year have been adjusted down slightly.

Portfolio Pulse from Nicolás Jose Rodriguez

May 14, 2024 | 1:16 pm

Goodness Growth Holdings, Inc. reported a 16% YoY revenue increase in Q1 2024, with net revenue reaching $24.09 million. The company highlighted improvements in operating and financial performance, notably due to the start of adult-use sales in Maryland. Goodness Growth is progressing in its New York divestiture with Ace Venture Enterprises and anticipates approval for wholesale sales into the adult-use market. The company also reported a net loss decrease and a significant EBITDA gain compared to the previous year. Additionally, Goodness Growth is in legal action against Verano Holdings, Inc. for the wrongful termination of a merger agreement, seeking damages of approximately $860.9 million.

Portfolio Pulse from Nina Zdinjak

May 08, 2024 | 11:25 am

Goodness Growth Holdings, Inc. (GDNSF) has initiated legal action against Verano Holdings, Inc (VRNOF) over the latter's termination of a share exchange agreement initially set for Goodness Growth's acquisition. The dispute, centered on a $413M deal terminated by Verano in October 2022, has escalated to Goodness Growth seeking $860.9M in damages for alleged breach of contract. Goodness Growth has applied for summary determination in the Supreme Court to expedite the case, emphasizing the litigation's importance for the company's future, particularly in New York and Minnesota.

Portfolio Pulse from Rolando García

May 03, 2024 | 8:00 pm

This 4/20, cannabis retailers anticipate record sales, with brands like MariMed's Betty’s Eddies, Cresco's High Supply, Ascend Wellness's Simply Herb, and others leading in various states. The article highlights market leaders in the East, Midwest, California, Nevada, Florida, and New York, with a focus on companies like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Trulieve. The pre-roll segment and the competitive landscape in each state are also discussed, indicating a highly anticipated sales surge.

Portfolio Pulse from Nicolás Jose Rodriguez

April 20, 2024 | 1:54 pm

Goodness Growth Holdings, Inc. (OTC:GDNSF) reported a significant increase in Q4 2023 revenue, gross margin, and operating profits, with revenue reaching $24.2 million, a 34.4% increase year-over-year. Operating income for Q4 was $5.4 million, marking the second consecutive quarter of surpassing the $5 million threshold. The company also highlighted the successful execution of its CREAM & Fire strategy and anticipates the launch of adult-use cannabis sales in Minnesota in 2025. Additionally, Goodness Growth announced the divestiture of its New York operations to ACE Venture Enterprises, Inc., including a $20 million investment from Ace for development and assumption of the IIP lease.

Portfolio Pulse from Nicolás Jose Rodriguez

April 02, 2024 | 1:27 pm

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