On this week’s episode of High-Rise, Cy and Emily discuss the termination of the $50M strategic investment between The Parent Company and Glass House, and some of the complex details around that decision. The Jefferies Group investment banking firm and one of their top analysts, Owen Bennett, released a 200-page report covering U.S. MSOs and what things can start looking like from an investment POV in the near future. In Canadian news, Sundial added $350M (CAD) to their investment arm — Cy and Emily talk about the potential for investing heavily into other regions.
They also get into the latest news about American track and field sprinter Sha'Carri Richardson who was suspended for testing positive for THC and ultimately not chosen to be join the U.S. Olympic Track and Field Team — this looks like the last gasp of a tired war on cannabis. Finally our High-Risers get into California’s billboard ban for cannabis advertising and Apple helping pave the way for cannabis commerce to take place on their App Store. As always, a great conversation to tune-in to, make sure to subscribe and download.