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E32 - Terrascend acquires Gage to expand in Michigan, AYR’s earnings and new brand identity, Canopy Growth C-suite shakeup, and giving thanks

November 24, 2021

Make some room just before the Thanksgiving Holiday for another episode of the High-Rise! Cy and Emily, as always, bring in another laid-back, data-backed conversation around the latest newsworthy events in cannabis. This week in MSO news, our hosts discuss the Terrascend/Gage acquisition and how this will help give Terrascend some proper expansion into the Michigan market. Speaking of Michigan, right now the Great Lakes state is having the highest average basket size at a whopping $152 per basket, that’s +72% vs the average! What could be the reason for this?

Next we talk about AYR and their recent earnings, as well as their recent acquisition of Dispensary 33 in Illinois. Another interesting item to mention about AYR is their new brand identity. Not only are they taking on an interesting new ‘space age’ look, but they are also making a new CPG play as part of brand strategy along with the new digs, we wonder how this will effect future earnings for this fast moving MSO.

In Canadian LP news, our hosts delve into the recent C-suite shakeup at Canopy Growth and if this will create a new focus from a product category perspective. To wrap things up, Cy and Emily talk a little bit about the vapor products recall in the state of Pennsylvania and the performance impact that it could have in this new market. Also some good news about a survey from the University of Houston and Texas Southern University around legalization for this major U.S. state. For those of you in the U.S. we hope you all have a great Thanksgiving holiday, be sure to catch us next week for another industry news round up from the High-Rise!