Streetbeat News

STHZF

StateHouse Holdings Inc

Industry

Medicinal and Botanical Manufacturing

Open

0.02

Mkt cap

3.8M

Volume

2.5K

High

0.02

P/E Ratio

-0.07

52-wk high

0.08

Low

0.01

Div yield

N/A

52-wk low

0.00

California's cannabis market, six years post-legalization, faces challenges like oversupply and illicit trade, impacting financial expectations despite generating $5.7 billion in taxes. StateHouse Holdings (OTC:STHZF) and Gold Flora (OTC:GRAM) are highlighted as key players, with Zuanic & Associates providing analysis. StateHouse faces revenue drops and debt concerns, while Gold Flora thrives amid market consolidation with strong financials and strategic expansion. The market sees price pressures and a trend towards consolidation, with a few brands dominating. The upcoming Benzinga Cannabis Conference in Los Angeles aims to connect industry leaders and investors.

Portfolio Pulse from Nicolás Jose Rodriguez

February 06, 2024 | 4:26 am

January saw significant executive and board changes in the cannabis industry. Flora Growth Corp.'s CEO, Clifford Starke, was elected chairman of the U.S. Hemp Roundtable. 4Front Ventures and The Cannabist Company Holdings announced new CEOs. Organigram Holdings and other companies made board appointments, while MedMen Enterprises and BZAM Ltd. saw departures. Trulieve Cannabis appointed a new COO, and other companies expanded their executive teams.

Portfolio Pulse from Jelena Martinovic

February 02, 2024 | 4:01 pm

Pablo Zuanic's Q4 2023 cannabis sector report highlights state-specific market trends, with Connecticut, Ohio, Illinois, Maryland, and Rhode Island showing growth. Companies like MariMed, Verano, and Green Thumb Industries benefit from diversified state exposure. The report discusses MSO performance variations, regulatory developments, and potential political shifts that could impact the market. Key players in various states are analyzed, with the DEA's response to cannabis rescheduling being a significant upcoming event.

Portfolio Pulse from Nicolás Jose Rodriguez

January 23, 2024 | 8:38 pm

Zuanic & Associates initiated coverage on StateHouse Holdings (OTC:STHZF), a major player in California's cannabis market, with a neutral outlook. The company is working on brand leverage, store optimization, and debt reduction. Despite a 17% revenue drop in 3Q23, profitability and cash flow have improved. StateHouse faces challenges with a high net debt ratio and a small market cap. Bullish projections suggest a potential rise in enterprise value if it achieves a 4% market share by 2026. However, the company's success hinges on profitability, cash flow, and market conditions in California.

Portfolio Pulse from Nicolás Jose Rodriguez

January 12, 2024 | 9:39 pm

Zuanic & Associates analyst Pablo Zuanic has initiated coverage on StateHouse Hldgs (OTC:STHZF) with a Neutral rating.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 11:53 am

Several changes in leadership and board positions have occurred in the cannabis industry. Suzanne Bergeron has been appointed as the new president and CEO of the Société québécoise du cannabis (SQDC). In Morocco, Mohamed El Guerrouj has been named the general director of the Morocco National Agency for Regulating Cannabis Related Activities (ANRAC). In the U.S., Debra Hilton-Creek has been named the acting executive director of the Massachusetts Cannabis Control Commission (CCC). Several cannabis companies including Greenway Greenhouse Cannabis Corporation, StateHouse Holdings Inc., Glass House Brands Inc., Rubicon Organics Inc., Greenlane Holdings, Inc., Flora Growth Corp., and Nextleaf Solutions Ltd. have also announced changes in their board of directors.

Portfolio Pulse from Jelena Martinovic

November 02, 2023 | 6:41 pm

Z&A's latest report explores the retail landscape of the cannabis market in California, highlighting significant revenue variations among counties. The report also notes that the size of retail operations and strategic location are crucial for success. The California cannabis market experienced an 11% YoY drop in 3Q23, followed by a 6% sequential decline. However, sales appear to be stabilizing after a surge in 2021. The report also mentions StateHouse (OTC:STHZF) and Gold Flora (OTC:GRAM), suggesting that with the right strategies, these companies could achieve impressive revenue per store figures.

Portfolio Pulse from Nicolás Jose Rodriguez

October 05, 2023 | 4:08 pm

Experts at the Benzinga Cannabis Capital Conference discussed the challenges facing the cannabis industry in California, including high taxes, strict regulations, and a complex payment processing landscape. Despite these issues, the state remains a hub of cannabis activity. Some experts suggested that cannabis rescheduling could be a solution for the beleaguered market. The CEO of Statehouse Holdings Inc. (OTCQB:STHZF) highlighted the need for clarity and consistency in the payment processing sector.

Portfolio Pulse from Joana Scopel

October 03, 2023 | 10:55 pm

California cannabis company, StateHouse Holdings Inc. (OTCQX:STHZF), has entered into a strategic sales agency agreement with Stinson Brands, Inc. to introduce Stinson Brands' product line to the market through its sales channels. StateHouse will also leverage its partnership with distribution partner Nabis to venture into new product categories. Additionally, StateHouse granted a total of 4,600,000 options for the purchase of common shares and issued 784,000 restricted share units (RSUs). STHZF shares were trading down 59.53% at $0.0225 per share.

Portfolio Pulse from Joana Scopel

October 02, 2023 | 6:54 pm

Zuanic & Associates has analyzed the financial net debt metrics of 20 multi-state operators (MSOs) in the cannabis industry to identify potential candidates for equity raises or debt restructuring. Trulieve and Curaleaf have the highest net debt among the group. The report also includes income tax payables, gross leases, and warrant derivative liabilities in its definition of net debt, revealing that Curaleaf, Cresco, and Trulieve hold the highest absolute 'broad' net financial debt. Several MSOs, including Acreage, Ascend Wellness, AYR, Columbia Care, 4Front, iAnthus, Jushi, StateHouse, and TerrAscend, present a higher probability of needing equity raises.

Portfolio Pulse from Nicolás Jose Rodriguez

September 21, 2023 | 2:55 pm

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