Higher Exchanges

How did Auxly turn Back Forty into the #1 cannabis brand in Canada while posting some of the best margins in the industry? CEO Hugo Alves joins Jesse Redmond and Morgan Paxhia to explain. Auxly ranks among Canada's top licensed producers. In Q2 it reported 55% cannabis gross margins and a 31% adjusted EBITDA margin. Hugo covers what is driving that growth, how the company rebuilt its balance sheet, and where the next leg of growth could come from. In this episode: The state of the Canadian ca...

Grown Rogue CEO Obie Strickler and CSO Josh Rosen join Jesse Redmond and Morgan Paxhia to discuss a different approach to building a multi-state cannabis company. The conversation covers what the industry has learned from the first generation of MSOs, why Grown Rogue has stayed focused on cultivation and flower, and how operating discipline in mature markets like Oregon and Michigan has shaped its strategy. They also dig into Grown Rogue’s expansion into Illinois, Minnesota, and New York, inc...

Emily Paxhia joins Jesse Redmond and Morgan Paxhia to break down one of the largest and most competitive cannabis markets in the country. They discuss what’s changed in Florida, who’s winning and why, evolving consumer behavior, retail and promotion strategy, vertical integration, consolidation, and where the next leg of growth may come from. The conversation also covers what DEA registration does and does not mean for operators, and how companies should think about adult-use optionality. Hig...

Jesse Redmond and Morgan Paxhia are joined by Scott Grossman to discuss Cannabis 3.0 and the different architectures emerging across the industry. Scott breaks down the role of intellectual, financial, and human capital, and how cannabis companies are increasingly pursuing very different strategies for the next phase of the market. The conversation looks at Curaleaf, Glass House, and other operators to explore which models may be best positioned as the industry evolves. Higher Exchanges is po...

Dan Ahrens, Managing Director and Chief Investment Officer at AdvisorShares, joins Higher Exchanges for a look inside the world’s largest cannabis ETF. Dan explains how he evaluates cannabis companies, builds positions across the MSOS and YOLO ETFs, and decides when a declining stock represents opportunity versus a broken investment thesis. The conversation also covers the financial metrics that matter most, how management quality and capital allocation influence stock selection, why major ho...