The Pain Continues - Market Update - Oct/12/2019

We are at a critical juncture in Cannabis:

- There is a structural shift to evaluating companies on fundamentals and cash burn

- Bad News: Medmen and Pharmacann cancel proposed merger

- Who got a better deal? And Medmen's CFO getting fired

- How this might impact Origin House / Cresco Labs

- More Bad News: HEXO misses revenue and CFO gets fired (note the pattern)

- HEXO drops hard in price - is it valued fairly?

- Even More Bad News: Village Farms raises $25M at half the value from a few months ago

- How  we should have seen this coming

- What this says about the market and about VFF (good and bad)

- Good News! Mitch McConnell (senate leader) visits California and meets with Cannabis companies

- This bodes well for the SAFE Banking Act vote (but still uncertain)

- Good News: MediPharm Labs gets an increased bank facility at reasonable rates