GreenGrowth CPAs

🚨 Time sensitive news from the IRS! 🚨

The IRS announced: "Penalty Relief for Certain Taxpayers Filing Returns for the Taxable Years 2019 and 2020."

It is required that 2019 & 2020 returns MUST be filed no later than 9/30/22 or you are not eligible for the above mentioned savings.

Time is running out so make sure to engage with us and find out if you qualify:

1) Click the link in the following to book your consultation and to begin the process: https://meetings.hubspot.com/max-carlson/penalty-relief-for-certain-taxpayers-filing-returns-for-taxable-years-2019-and-2020

2) Call 1-800-674-9050 to set up an appointment, or talk directly with our team!

⚠️ News Alert ⚠️

The IRS announced "Penalty Relief for Certain Taxpayers Filing Returns for the Taxable Years 2019 and 2020. Take a Look at the announcement by clicking the following link: https://lnkd.in/g-Yx5VfB

Key Points:

- You have the potential for significant savings! For individuals and corporations the savings you would see from this penalty relief is up to 25% of your tax liability in those years. For partnerships and S corporations the savings from this penalty relief is up to $2,460 PER owner.

- With this benefit being so large to so many people, we will have to limit the number of clients we can take on. You must reach out and begin to engage with GreenGrowth NO LATER THAN 9/8/22 to meet the deadline for the IRS

CRITICAL 👉 The IRS is requiring that 2019 & 2020 returns MUST be filed no later than 9/30/22 or you are not eligible for the above mentioned savings.

See below in the comments how to engage with us and find out if you qualify! ⬇️

New stock report is ready for you 👉Jushi Holdings Inc.

Jushi Holdings Inc., is headquartered in Boca Raton, Florida. It's vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts. The company also offers hemp-based CBD products (such as cannabidiol supplement), and topicals under The Bank, The Lab, Nira+ Medicinals, Seche, Tasteology, and Nira brands.

In this report we have identified some key factors that could influence in the stock's performance in the near and mid term:

🔸 NuLeaf, Inc Acquisition

In April 2022, Jushi Holdings Inc. completed the acquisition of NuLeaf, Inc. for $53.6 million acquiring 100% of NuLeaf’s operational dispensary assets as well as 100% of its cultivation and processing facilities for an upfront payment of $45.0 million.

🔸 Graticule Asset Management Asia, L.P.. Funding

In January 2022, Jushi Holdings Inc. announced that it has completed a private placement of 2,717,392 subordinate voting shares at a price of $3.68 per share for gross proceeds of $10,000,002.60.

🔸 OhioGrow, LLC and Ohio Green Grow LLC.

In April 2021, Jushi Holdings Inc. signed a definitive binding agreement to acquire OhioGrow, LLC and Ohio Green Grow LLC for $5 million that was completed in July 2021. The transaction also includes approximately 10,000 sq. ft. facility and 1.35 acres of land.

🔸 FY 2022 earnings review

Jushi Holdings Inc. revised earnings guidance for the fourth quarter of 2022. The company is modestly revising its fourth quarter 2022 annualized revenue to be between $340 million to $380 million.

Read our full report on Jushi Holdings Inc at the link below.

http://ow.ly/89SX50KrGbN

Be sure to download the GreenGrowth Inflation Impacts report getting all the buzzzz 🌱

1 in 4 cannabis retailers are raising prices to combat rising inflation costs Download your FREE copy of the Summer 2022 Cannabis Inflation Impacts Report GreenGrowth CPAs held a month-long survey in the...

✨ NEW Stock Report released: GOODNESS GROWTH HOLDINGS, INC. ✨

Goodness Growth Holdings, Inc. operates as a physician-led cannabis company in the United States. The company cultivates cannabis in environmentally friendly greenhouses; manufactures pharmaceutical-grade cannabis extracts; and sells its products through its network of Green Goods and other Goodness Growth branded retail dispensaries, as well as third-party dispensaries. It operates 18 dispensaries, which included 2 in Maryland, 8 in Minnesota, 4 in New Mexico, and 4 in New York; and offered wholesale cannabis products through third-party companies in Arizona, Maryland, Minnesota, and New York.

In this report we have identified many key factors that could influence in the stock's performance in the mid and near term:

➡️ Acquisition by Verano Holdings Inc.

On January 2022, Verano Holdings Corp. entered into a definitive arrangement to acquire Goodness Growth Holdings, Inc. for approximately $310 million.

➡️ Hycolor cannabis chews Launch

Goodness Growth Holdings, Inc. announced the launch of "HiColor" cannabis-infused chews in New York, which are now available through the Company's retail and wholesale channels in the New York market. The new line of cannabis-infused edibles is now available in five gourmet flavours and two formulations.
The chews are available to New York patients in Key Lime, Concord Grape, Hawaiian Pineapple, Oxnard Strawberry and Alfonso Mango flavours. Additionally, subject to regulatory approval, the Company plans to launch the "Hi Color" brand in its Minnesota market later this year when the state's medical cannabis program expands to allow cannabis-infused edibles, expected to begin in August.

➡️ Earnings

Over the next year, revenue is forecast to grow 88%, compared to a 76% growth forecast for the pharmaceuticals industry in Canada.

To read the full report click the link below. ✨

https://lnkd.in/gr_MKeQD

Operators, Last Chance to Participate in our Cannabis Inflation Impacts Survey ⚠️

We want to know what you think!

Share with us your thoughts on inflation impacts on your business and the cannabis industry in general. Who do you blame and what are you planning to do to combat rising inflation costs?

Our survey takes only 5 minutes and once we compile all the data, we'll be sharing the Cannabis Inflation Impacts Summer 2022 Report next month!

Looking forward to reading your answers!

https://docs.google.com/forms/d/e/1FAIpQLSdaMHIZUCj2jf6vllKuOFY9Nw2v5xNw_BcTZW9eg6R9vWGSJw/viewform

Cannabis Inflation Impacts Survey Thank you for participating in the summer 2022 cannabis inflation survey assessing the impacts of rising inflation and the effects on the cannabis sector. Please Note: All financial and business information provided will remain anonymous in the final report. Optional quotes provided at the end of ea...

We made you a guide on how to get your cannabis company listed on Canadian Securities Exchange (CSE). ✨

Canada has a robust capital market, as well as a strength in funding growth ventures in emerging industries. Getting access to funding opportunities can be facilitated by becoming a public company. In Canada, the main exchanges are the Toronto Stock Exchange (TSX), Neo stock exchange (NEO), the TSX Venture Exchange (TSX-V), and the Canadian Securities Exchange (CSE).

As of June 2022, there are 79 companies in the cannabis industry listed in the Canadian Securities Exchange, representing almost ten percent of the total of listing companies (788 listing in total).

In our guide we carefully examined the topics such as:

✅ What are the Advantages of going public in Canada
✅ Methods of Going Public
✅ Taking Your Cannabis Business Public in an IPO and RTO
✅ Weighing Advantages and Disadvantages of IPOs vs RTOs
✅ What are the overall requirements to be listed

And we answer questions such as: “Which path to going public is right for your cannabis business?”

Also, in the summary you will find a list of forms that you will need to complete and present during your CSE procedure!

Click on a link below to download and read the full guide.
Let’s grow your business together!

https://greengrowthcpas.com/wp-content/uploads/2022/07/Canadian-Securities-Exchange-Guide.pdf

What impacts your financial forecast? 🧐

With a proper forecast, you can benchmark your performance, manage your cash flow and cash on hand, and prepare for large swings in cannabis industry dynamics ahead of time.

In this video, we are going to walk you through the top 8 factors that can impact your forecasting:

Seasonality
Tourism
Weather
Day of the Week
Natural Disasters
Marketing Plans
Changes in Cannabis Taxes
Industry Growth Rate

8 Factors that Impact your Financial Forecast With a proper forecast, you can benchmark your performance, manage your cash flow and cash on hand, and prepare for large swings in cannabis industry dynamic...

NEW Stock Report: Cannabis Corp ✨

Trulieve Cannabis Corp., together with its subsidiaries, operates as a medical cannabis company. It cultivates and produces products in-house and distributes its products to Trulieve branded stores (dispensaries) in Florida, as well as through home delivery. The company produces flower, edibles, vaporizer cartridges, concentrates, topicals, capsules, tinctures, dissolvable powders, and nasal sprays and it operates 162 dispensaries, which included dispensaries in Florida, Pennsylvania, Arizona, California, Maryland, Massachusetts, West Virginia, Connecticut.

➡️ Medical Dispensary in West Virginia

In May 2022, Trulieve Cannabis Corp. announced the grand opening of its third and fourth medical dispensaries in West Virginia. Trulieve is marking the occasion with the launch of two new strains available only at these two dispensaries: Chocolope Newberry Live Budder and Pineapple Upside Down Cake Flower.

➡️ Cultivation Facility Acquisition

In February 2022, Trulieve Cannabis Corp. acquired 64,000 sq. ft. Cultivation Facility in Phoenix from CP4 Group, LLC for $50 million.

➡️ GreenHouse Wellness Acquisition

In April 2022, Trulieve Cannabis Corp. announced the closing of the acquisition of Greenhouse Wellness West Virginia Dispensaries LLC, holder of a West Virginia dispensary permit. Greenhouse was awarded the dispensary permit in Martinsburg, West Virginia, in January 2021. This location, combined with Trulieve's nine other dispensary permits, are spread across many of the most populous areas in the state.

➡️ PurpleMed Healing Center Acquisition

In December 2021, Trulieve Cannabis Corp. announced the acquisition of PurpleMed Healing Center in Tucson, Arizona.

"We look forward to serving patients and customers at both of our Tucson-area locations and building strong relationships in the community,” said Kim Rivers, CEO of Trulieve.

Click the link below to read full report ✨
https://lnkd.in/dFHzaFGj

When you have a solid financial forecast and budget for your cannabis business, then you actually know what you’re striving for and what you can expect by the end of your fiscal year.

With a proper forecast, you can benchmark your performance, manage your cash flow and cash on hand, and prepare for large swings in cannabis industry dynamics ahead of time.

In this week's video, we are going to walk you through:

What is Budgeting?
What is Forecasting?
What are the Benefits?

Budgeting and Forecasting Tips for your Cannabis Business When you have a solid financial forecast and budget for your cannabis business, then you actually know what you’re striving for and what you can expect by th...

NEW Stock Report released: Sundial Growers Inc. 📑

Sundial Growers Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use markets; and private sale of recreational cannabis through corporate owned and franchised retail cannabis stores.

The company also produces and distributes inhalable products, such as flower, pre-rolls, and vapes. It offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.

➡️ Zenabis Global Inc, purchase agreement

In June 2022, Sundial Growers Inc. entered into a purchase agreement to acquire Zenabis Global Inc. from HEXO Corp. The Bid Agreement is subject to the approval by the Québec Superior Court.

➡️ 180-day Nasdaq extension

Sundial Growers Inc. received an extension of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement.
The extension will allow Sundial Growers Inc. to regain compliance if the bid price for the Company's common shares closes at or above $1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022.

➡️ License cultivation and processing facility sale

In September 2021, Simply Solventless Concentrates Ltd. entered into an asset purchase agreement to acquire Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc. from Sundial Growers Inc. for CAD 5 million.

Click below for the full report where we cover their company profile, financial information, market information, technical analysis, business overview, management comments, and whether or not we recommend them as a favorable option for investors.

https://lnkd.in/d_-6frAR