 I'm Deborah Borchart and this is your Marijuana Money Minute. The broader markets took a hit this week. They were in the correction zone as stocks sold off in a major way over the coronavirus fears. That certainly didn't help cannabis companies as this industry began its earnings season. Now some companies actually had good reports but you wouldn't know it because we still saw selling in the stocks. So here's the good earnings releases. GW Pharmaceuticals reported total revenue of 109 million for the fourth quarter that easily beat their estimate for revenue of 80 million. They also trimmed their net losses to 24 million but they did miss the estimate for losses per share. Valens GrowWorks delivered a solid fourth quarter in fiscal year earnings report. Revenue increased to 58 million for the fiscal year. Fourth quarter came in at 30 million that was an 86% increase and it was above the high end of their guidance range. Federal Innovative Properties generated total revenues of 17 million in the quarter. That was an increase of 269% from last year's quarter. The REIT paid a quarterly dividend of a dollar per share that was 186% increase over last year and a 28% increase sequentially. Now we have some companies that had decent revenues but they were dwarfed by extreme net losses. Acreage delivered fourth quarter revenue of 21 million, full year revenue of 74 million. Now their net loss though was 65 million for the quarter and a staggering 195 million for the year. The company also said on its earnings call that it might need to raise more money. MedMen said its revenue increased to 44 million for the quarter. That was up 50% year over year and 11% sequentially. The net loss for the quarter though was an eye popping 96 million dollars versus last year's net loss of 64 million. The company added two new board members and sold off the rights to licenses in Illinois that it received as part of the pharma can termination. Air strategies, their full year total revenue increased 75% to 124 million but their net loss for the year was a jaw dropping 164 million. Alright, enough burning news, let's move on to some other news. Green Growth Brands announced that the BRN Group was going to buy their CBD business. The company said in a statement that at least two-thirds of the independent members of the board determined that GGB was in serious financial difficulty with limited alternatives. The company says it's going to focus on its MSO business. Now you may recall GGB is made up of retail experts from Victoria's Secret who said they would teach the industry how to sell cannabis. Well how's that working out for them? The delivery company Ease said it had raised 35 million in a Series D round. They could raise an additional 20 million. Now this company was said to be running out of money and pivoting towards, they're now pivoting towards a plant touching business so it looks like they've got a little bit more money to keep things going and that's it for this week. Stay healthy folks, wash your hands. I'm Deborah Borchart with the Green Market Report reporting from our New York studio.