The Grow: A Weekly Review of the Cannabis Business

Scott Sinclair

Join host Scott Sinclair for The Grow, a weekly deep dive into the financial future of the cannabis industry. Tailored for senior management, owners, and entrepreneurs, we spotlight earnings, financing, and restructuring with a clear message: there are capital solutions to drive success. Scott breaks down the latest trends and opportunities, offering a positive path forward for businesses navigating this evolving market. With occasional high-caliber guests, The Grow delivers sharp, actionable insights to empower industry leaders with the tools for growth.

Episodes

  1. APR 22

    Episode 5: Shake the Box – Reverse Splits and CCAAs

    Welcome to Episode 5 of The Grow — the podcast where business fundamentals meet the cannabis industry. This week, host Scott Sinclair breaks down two strategic approaches cannabis companies are using to pause, reset, and prepare for future success. If your current path isn’t working, maybe it’s time to shake the box. In this episode: - 420 Vibes (just two days late) We acknowledge the resilience of the cannabis sector — from growers to scientists to budtenders. If you're still here, you've earned this celebration. - Tilray’s Reverse Stock Split Tilray Brands Inc. is proposing a reverse split to lift its share price, maintain its Nasdaq listing, and clean up its cap table. We explain what it means, why it matters, and whether it’s the right move in a tough market. - Mernova and Creso Enter CCAA Protection Two Nova Scotia-based cannabis companies file for court protection under Canada’s CCAA regime. What’s CCAA? What’s a SISP? How does this help a business survive? We unpack the process and the strategy behind it. - Theme of the Week: Don’t Be Afraid to Shake the Box Reverse splits. Court protection. Going private. If what you’re doing isn’t working, change the model. That’s how you find momentum. Brought to you by: Sinclair Range – Helping cannabis and non-cannabis companies raise capital, restructure, and create value. Visit sinclairrange.com to learn more or book a conversation. Subscribe, like, and follow wherever you get your podcasts. Leave a comment, ask a question, or suggest a topic for future episodes.

    18 min

  2. APR 15

    Episode 4: Disassociate Stock Price from Intrinsic Value

    Welcome back to The Grow with Scott Sinclair.  In Episode 4, we dive into why stock price and intrinsic value are often disconnected—especially in the cannabis sector. • We break down Tilray’s Q3 results and highlight what analysts missed, including margin improvements and debt reduction. • We cover Israel’s proposed 165% tariffs on Canadian cannabis imports and the impact on global trade. • A listener’s comment on Cresco Labs sparks a broader discussion about why stock price is not a reflection of good business fundamentals. • Why cannabis analysts are mostly bad. • Managing your stock price and liquidity is a separate job Like, subscribe, and reach out through the links in the notes with questions or episode ideas. The Grow is brought to you by Sinclair Range.  For help navigating your options, you can contact Sinclair Range at www.sinclairrange.com.

    18 min

  3. APR 8

    Episode 3: A Restructuring Primer for the Cannabis Industry

    Welcome to Episode 3 of The Grow: A Weekly Review of the Cannabis Business. This week, we walk through the fundamentals — and surprising benefits — of bankruptcy and restructuring, especially in the cannabis sector. You’ll learn how strategic insolvency can: • Stay aggressive creditors • Pause litigation and lawsuits • Break fixed contracts, including leases • Restructure payment terms on debt • Attract new financing through DIP loans • Sell the business as a going concern, free and clear of debt Restructuring laws exist to preserve value and save jobs -  use them. For help navigating your options, reach out to Sinclair Range at www.sinclairrange.com.

    16 min

  4. MAR 25

    Episode 2: Somai Pharmaceuticals’ Multi-Country Strategy

    Welcome to Episode 2 of The Grow: A Weekly Review of the Cannabis Business. This week review the multi country strategy of Somai Pharmaceuticals. • Diversify regulatory risk • Allocate capital and other resources to successful jurisdictions • Approach other jurisdictions organically, through M&A, Strategic Partnerships • Prioritize profit or growth • Growth over profit requires access to capital • High Tide prioritizes growth over profit • Reach out to Sinclair Range for your business • www.sinclairrange.com

    22 min

  5. MAR 18

    Episode 1: Cresco Labs’ Killer Earnings Release 🎙️📈

    Welcome to The Grow: A Weekly Review of the Cannabis Business. This week, we review Cresco Labs Inc.'s 2024 earnings release: • Revenue: $724 million • Adjusted EBITDA: $200 million (up 15% YoY) • Understanding adjusted EBITDA • The growth factor in valuation multiples • Why profitability should be the priority • How to improve profits—starting with margins • Should cannabis companies stay public? 🎧 Available on YouTube & all major podcast platforms. 🔗 www.sinclairrange.com

    19 min

  6. MAR 11

    0. Introducing: The Grow – A Weekly Review of the Cannabis Business

    Welcome to The Grow.  My name is Scott Sinclair, and this podcast is about the business of Cannabis, where we explore the hypothesis that: the industry has bottomed, there is a path to profitability, cash flow, shareholder value and liquidity and that the answer to success lies in business fundamentals and controlling the things that can be controlled. This podcast is not about new and exciting cannabis products, regulation, or industry trends; there is plenty of content covering those important topics. The Grow is about cash flow, restructuring, raising capital, and building real shareholder value. Every episode will cover practical strategies to help operators and investors navigate this market effectively. What to Expect from The Grow: • A focus on business fundamentals rather than hype • 10–15 minute episodes with direct, relevant insights • Real-world examples, restructuring and capital raising strategies • Guests from the cannabis and finance sectors where appropriate I’ve spent years in corporate finance, restructuring, and turnaround strategies. Sinclair Range, my company, has worked extensively in the cannabis space, advising, operating, and financing companies in Canada, the U.S., and internationally. This is a weekly podcast. Episodes will be short and to the point. If you’re interested in the business of cannabis, subscribe, like and follow along.  If you have questions or topics you'd like covered, reach out. www.Sinclairrange.com

    10 min
  • 6 Episodes

About

Join host Scott Sinclair for The Grow, a weekly deep dive into the financial future of the cannabis industry. Tailored for senior management, owners, and entrepreneurs, we spotlight earnings, financing, and restructuring with a clear message: there are capital solutions to drive success. Scott breaks down the latest trends and opportunities, offering a positive path forward for businesses navigating this evolving market. With occasional high-caliber guests, The Grow delivers sharp, actionable insights to empower industry leaders with the tools for growth.

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