The Trees N Clouds Daily Market for Friday: earnings, a fading election rally, and what new markets buy first.
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What's in today's video
News: #CanopyGrowth ($CGC) fiscal Q2 revenue rose 22% to C$81.4M, with international revenue up 141%. Massachusetts voters rejected Question 8 by about three to one, and Illinois pulls hemp THC drinks from liquor stores on Nov 12.
Markets: The election pop faded. 18 of 22 eligible names fell Thursday and #MSOS closed down 4.6% at $4.13, below its pre-election level. #CronosGroup ($CRON) was the standout at +6.0% after Q3 revenue rose 75% on flower demand in Israel and Germany.
Shelves: Newer adult-use markets still lead with flower, at about 39% of revenue in Illinois and 34% in Michigan. In California, Colorado and Washington, vapes have taken over. For brands, that is a launch sequence: flower first, then vapes and edibles as a market matures.
Will Pennsylvania go flower-first, or skip straight to vapes?
Stock moves are correlations, not proof of cause. Not investment advice. Menu data: Trees.Cloud, snapshot Oct 31, 2026; revenue shares are estimates.
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- Slide 1: Intro (PNG)
- Slide 2: Cannabis news (PNG)
- Slide 3: Cannabis stocks (PNG)
- Slide 4: State of the Market (PNG)
Transcript
This is the Trees N Clouds Daily Market, for Friday, November sixth.
Canopy's fiscal second-quarter revenue rose twenty-two percent, to eighty-one point four million Canadian dollars, with international sales up a hundred and forty-one percent. Massachusetts voters rejected the repeal question about three to one. And in Illinois, hemp THC drinks leave liquor stores on November twelfth.
The election pop faded. Eighteen of twenty-two names fell, and MSOS dropped four point six percent, to four thirteen. The standout was Cronos, up six percent after revenue rose seventy-five percent. Not investment advice.
On the shelf, newer markets lead with flower. It is about thirty-nine percent of revenue in Illinois, while California, Colorado and Washington have shifted toward vapes.
So, will Pennsylvania go flower-first, or skip straight to vapes?
#cannabis #cannabisindustry #cannabisstocks #cannabisretail #cannabispolicy #CGC #CRON
