The RazReport -stories of inspiration- podcast features exclusive interviews with people who change the world. It’s a show about the stock market, entrepreneurship & overcoming the odds to be successful. You can expect to hear stories of inspiration, stock market and pro life tips, point of views that will make you a better person, investor & think bigger than you are thinking now.
In this RazReport, Jason Wild explores TerrAscend’s financial journey, discussing the impact of the TSX exchange listing, strategic challenges, and opportunities within the cannabis industry. Wild emphasizes the importance of tax strategies and TerrAscend’s focus on profitability in Michigan.
The RazReport provides insights into Todd Harrison’s support, highlighting TerrAscend’s resilience and strategic positioning. Explore the chapters for a detailed look at the episode and listen to the full RazReport!
Takeaways:
– Financial Progress: TerrAscend exhibits consistent financial growth with increased revenue and gross margins.
– TSX Exchange Listing: The TSX listing marks a significant step, enhancing trading volume and global potential for TerrAscend.
– Industry Challenges: Custody issues and prime broker reluctance pose unique challenges for cannabis companies, impacting the industry.
– ETFs and Industry Impact: Anticipation surrounds the potential legalization of cannabis ETFs, offering more liquidity and investment options.
– Tax Treatment and Strategy: TerrAscend strategically focuses on Michigan, aiming to demonstrate profitability and unlock value in other states amidst tax complexities.Chapters:00:00 Introduction and Background
02:23 TerrAscend’s Financial Progress
04:19 Listing on the TSX Exchange
05:46 Custody Issues and Prime Brokers
08:35 Potential Impact of ETFs on Cannabis Stocks
10:31 The Potential for Cannabis Stocks to Perform
13:18 The Impact of Rescheduling Cannabis
14:41 Tax Treatment of Cannabis Companies
18:22 TerrAscend’s Strategy in Michigan
20:40 TerrAscend’s Business Model and Brands
25:25 Todd Harrison’s Support for TerrAscend
27:51 Jason Wild’s Investment in TerrAscend
29:44 The Importance of Patience in Business
37:04 The Financial Crisis and Lessons Learned
40:53 Summary and Conclusion
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Image and article originally from www.benzinga.com. Read the original article here.