Super

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• Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco Labs” or the “Company”), the industry leader in branded cannabis products with a portfolio of America’s most popular brands and the operator of Sunnyside dispensaries, announced today that as part of a transfer of Super Voting Shares by both a current and former director of the Company: (a) Thomas J. Manning has acquired from Dominic Sergi 100,000 Super Voting Shares and from Charles Bachtell 33,760 Super Voting Shares in its capital; and (b) Robert M. Sampson has acquired from Charles Bachtell 33,308 Super Voting Shares in its capital.
• Each purchase and sale of Super Voting Shares described herein was completed for aggregate consideration of US$1.00 and the transfers result in a more balanced distribution of Super Voting Shares among the holders.
• After giving effect to the transactions described above, Mr. Bachtell owns or controls, directly or directly, (a) 132,932 Super Voting Shares (representing approximately 26.59% of the outstanding Super Voting Shares) and (b) voting securities of the Company representing approximately 19.94% of the votes attaching to all classes of outstanding shares of the Company.
• The Super Voting Shares transferred by Mr. Bachtell to Mr. Manning and Mr. Sampson form part of Super Voting Shares he acquired from a former director and officer of the Company following his separation from the Company.

• A national Newspoll, conducted January 31 to February 3 from a sample of 1,245, gave Labor a 52–48 lead, unchanged since the previous Newspoll in mid-December.
• Primary votes were 36% Coalition (steady), 34% Labor (up one), 12% Greens (down one), 7% One Nation (steady) and 11% for all Others (steady).
• Anthony Albanese’s net approval dropped one point to -9, while Peter Dutton’s net approval was down four points to -13.
• His net approval is still well below zero, and hasn’t recovered to its level before the Voice referendum defeat.

Essential poll: 48–46 to Labor

• In last week’s federal Essential poll, conducted January 24–28 from a sample of 1,201, Labor led by 48–46 including undecided (49–46 in December).
• Labor has led by one-to-three points in all Essential polls since late October.
• Primary votes were 34% Coalition (steady), 32% Labor (up one), 13% Greens (steady), 7% One Nation (up one), 2% UAP (steady), 7% for all Others (down two) and 5% undecided (steady).
• Analyst Kevin Bonham said Labor would have about a 53–47 lead in this poll by 2022 election preference flows.

Morgan poll and a second Queensland byelection

• In last week’s federal Morgan poll, conducted January 22–28 from a sample of 1,688, Labor led by 50.5–49.5, a two-point gain for the Coalition since the previous week.
• Primary votes were 37.5% Coalition (up 1.5), 31% Labor (down 1.5), 13% Greens (up 0.5), 5.5% One Nation (up 0.5) and 13% for all Others (down one).
• I covered the March 16 Queensland state byelection in Inala last fortnight.
• A second Queensland byelection will also occur on March 16 after Ipswich West’s Labor member Jim Madden resigned to contest the Ipswich local government elections on March 16.

Biden wins 96% in South Carolina Democratic primary

• At Saturday’s United States Democratic presidential primary in South Carolina, Joe Biden won 96.2% of the vote, Marianne Williamson 2.1% and Dean Phillips 1.7%.
• This result makes it all but certain that Biden will be the Democratic presidential nominee.
• In the Republican presidential contest, Donald Trump leads Nikki Haley nationally by 73.6–17.2 in the FiveThirtyEight aggregate.
• The next important contest is the February 24 Republican primary in South Carolina, Haley’s home state.

Adrian Beaumont does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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