RE:TerrAscend: A Potential Partner for GrowthTerrAscend connection also caught my attention when it was first introduced, assumed this is where the IP comes into play.
I have minimal faith America actually legalizes cannabis in the immediate future (almost election time though so prep yourselves for teasing the possibility) however there are FDA approved CBD regs that have been sitting on the Presidents desk since Trump, and multiple states like NY are now frontrunning the FDA by releasing their own state CBD rules that are basically in line with what the proposed FDA regulations say: GMP certified facility, regulated and tested ingredients only.
Whether cannabis gets regulated or just the CBD regs get pushed through, either would be a large boon to Nextleafs value and accessible market. It would also open up the avenue to a formal partnership with TerrAscend whether that be product or IP licensing. Nextleaf's cost per molecule advantage grows significantly in the CBD category vs traditional extraction tech.
Another wildcard in play is if the oligarchs at Loblaws succeed in getting CBD downgraded to off the shelf products they can sell at Shoppers/Superstore. Lots of potential catalysts in play here.