Jason Wild's Outlook for 2024 | Trade To Black

Welcome back to the Trade To Black Podcast powered by the Benzinga network with your host Shadd Dales, millennial entrepreneur Anthony Varrell and financial writer Benjamin A. Smith. Today we have a very special guest, Jason Wild, Executive Chairman of TerrAscend, and we will also be diving in to some of this weeks developments. In a significant turn of events, California Attorney General Rob Bonta has come out in strong opposition to a Democrat-backed proposal wanting to establish legal agreements between states for the export of herb. The impact of this decision reverberates through California's herbal industry, causing a major stumbling block in the aspirations of local businesses looking to expand their operations into states such as New Jersey or New York. As we navigate the intricate landscape of earnings season, the spotlight turns to Canadian company Organigram and its recently unveiled 2023 results. We take a look at their financial performance, including noteworthy double-digit gains in revenue, a substantial 20% increase in gross margin from the previous fiscal year, and a closer look at the financial highlights of the fourth quarter, where despite significant losses, a strategic investment from BAT helped maintain financial stability. Heading to Massachusetts, we witness a groundbreaking shift as Theory Wellness embarks on becoming the largest employee-owned herb company. Beyond the headlines, we explore the intricacies of their recent transition into an employee stock ownership plan (ESOP), the process based on tenure, and the large financial benefits that not only strengthen the company but also reward its employees. We look into how this strategic move positions Theory Wellness to potentially become the first legal herb company liberated from the burdensome 280E tax provision at both state and federal levels. To see more videos of the Trade To Black Podcast click the following: https://www.youtube.com/playlist?list=PLni0KRSCoiAceKtb9z2IdnnmFiVS-ZdpW Subscribe to our newsletter: https://landing.mailerlite.com/webforms/landing/i2l8u5 Add us on: Facebook: https://www.facebook.com/TheDalesReport Twitter: https://twitter.com/TheDalesReport Instagram: https://www.instagram.com/dalesreport Website: https://thedalesreport.com/ The information provided in this video is for educational purposes only and should not be considered as financial or investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. The Dales Report Inc. disclosure policy applies to this video: https://thedalesreport.com/disclosure/ In accordance with an executed agreement between The Dales Report and the aforementioned entity, highlighted either directly or indirectly in the article, The Dales Report has been engaged for a stipulated contractual duration with the purpose of publicly disseminating information pertaining to the aforementioned entity via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for our services involves the receipt of a predefined monetary consideration, which may encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations.