Hexo (HEXO) this morning provided a preliminary update for its fiscal Q4 with revenue coming in below the consensus estimate and well below the "double" offered by management mid-quarter during the Q3 earnings call, Stifel analyst Andrew Carter tells investors in a research note. The preannouncement is "another headline damaging" the cannabis industry's credibility, Carter tells investors in a research note. For companies facing "significant financing risk," the analyst believes a "real segregation of assets will occur." Some companies will face significant dilution due to onerous financing terms while others will simply be unable to access capital, predicts the analyst. Carter thinks the macro environment will continue to be difficult and that the capital positions of Canopy Growth (CGC) and Cronos Group (CRON) are "clear competitive advantages." Those two have the ability to continue executing their business plans while capitalizing on the sector weakness, which "will only intensify from here," says Carter. Other names in the cannabis space include Aphria (APHA), Aurora Cannabis (ACB), CV Sciences (CVSI), CannTrust Holdings (CNTTF), General Cannabis (CANN), India Globalization Capital (IGC), Tilray (TLRY) and Zynerba (ZYNE). Shares of Hexo are down 24%, or 90c, to $2.78 in early trading.

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSMetropolitan... To see the rest of the story go to thefly.com. See Story Here

In this edition of "Rising High," The Fly conducted an exclusive interview with Brendan Mitchel-Chesebro, industry analyst at BDSA, a Colorado-based cannabis market research and data analytics firm. Here are some... To see the rest of the story go to thefly.com. See Story Here

Latest data shows the largest indicative borrow rate increases among liquid option names include: Aurora Cannabis (ACB) 83.87% +1.16, B Riley Principal Merger Corp II (EOSE) 11.55% +1.08, ALTC Acquistion Corp (ALCC) 5.74% +1.02, VinFast Auto LTD (VFS) 124.46% +0.87, Sirius XM (SIRI) 13.95% +0.56, Medical Properties Trust (MPW) 10.91% +0.41, Spring Valley Acquisition Corp (SMR) 17.81% +0.38, Sellas Life Sciences (SLS) 69.10% +0.37, Valkyrie Bitcoin Miners ETF (WGMI) 2.31% +0.33, and Cassava Sciences (SAVA) 19.19% +0.33.

Tilray announced a sustainability update on its pioneering sustainable packaging initiative within its popular Canadian cannabis brand, Good Supply. This Earth Day, Good Supply is proud to showcase significant strides in their environmental efforts as they expand the rollout of hemp-based packaging for its pre-rolls, vape products, and whole flower offerings. With these eco-conscious packaging enhancements, Good Supply not only continues their commitment to reducing single-use plastics, but they also showcase the outstanding and increasing contribution to environmental sustainability. Following the successful introduction of the hemp packaging last summer, which diverted approximately 131,000kg of plastic waste, Good Supply's ongoing efforts have now prevented over 925,000kg of plastic from reaching landfills-that's 7x as much as last year since June 2023. In partnership with PrintReleaf, Tilray has also reforested 2500+ trees from label usage, to offset +215,000lbs from 150,000lbs worth of paper consumption, showcasing an increase of 43% growth from the initial hemp launch. Good Supply is also rolling out additional sustainable hemp packaging for *NEW* pre-rolls and vapes including: The 'Good Supply JUICED' infused pre-roll collection: Cosmic Cherry 0.5g single pre-rolls feature sweet cherry and tart citrus flavours thanks to its Inzane in the Membrane whole flower and Cherry Loops vape concentrate infusion. Watermelon Chew 1g Blunts featuring nostalgic and refreshing flavours from Good Supply's Melon Dream sativa-leaning flower infused with Frozen Watermelon vape concentrate. Cherry on Top 1g Blunts Duo Pack featuring two flavours including Cosmic Cherry and Golden Drizzle. Cosmic Cherry Sativa is a very cherry blunt elevated with a delicate lemon citrus sweetness for depth. Golden Drizzle Indica is a combo of sweet and caramelized flavour notes, paired perfectly to hit hard in a smooth-smoking, slow-burning hemp blunt wrap. The Discovery Pack, a signature 3-pack of 0.5g pre-rolls that rotates flavours every six months, with this upcoming spring and summer pack featuring Cosmic Cherry, Watermelon Chew and Blue Burst - which is a tasty indica featuring a cross of God Kush whole flower with a blue raspberry infusion. Perk Work Pre-roll Variety Pack, coming soon: A six-pack of 0.5g potent THC pre-rolls featuring Good Supply's all-star trio of finest sativas including: Jean Guy's iconic lemon, new Inzane in the Membrane's explosive citrus and new Melon Dream's fresh fruity flavour. Twisted AIO Vape, coming soon: These ready-to-go vapes feature two bursting flavours that consumers can enjoy on their own or twisted into a third unique flavour with the push of a button. The all-in-one vape features the following options of Purple Monkey & Frozen Watermelon and Orange Swirl & Strawberry Freeze in a category-five flavour storm. Good Supply's Twisted vapes are ready to enjoy, rechargeable and contain 1.2mg of flavoured distillate with 1,000mg of THC.

Tilray Brands announces a series of 420-events, celebrations, and environmental initiatives in the U.S. across Tilray's craft beer brands. Celebrating community, craft brewing excellence, and environmental stewardship, Tilray's craft brands, including SweetWater Brewing, Blue Point Brewing, Redhook Brew, 10 Barrel Brewing, Breckenridge Brewery, and Montauk Brewing, are hosting memorable events and launching specialty brews that reflect each brand's commitment to sustainability, creativity, and the spirited celebration of 420.