Cannabis Investing Network

We're back with a double stacked episode! Our good friend Nick Gastevich joins us for the Q4 2021 + Q1 2022 quarterly review of all the big 5 MSOs. We discuss the overall cannabis market then dive into quarterly results plus strengths of weaknesses of each company and analysis of which is the most attractive at today's prices. We also discuss how well positioned each of these companies is for the...

In this episode the boys are back to discuss the macro picture, interest rates, inflation and the importance of recalibrating expectations. We discuss strategy, outlook and why we think cannabis is actually looking pretty good in comparison to other parts of the market.

In this episode we are joined by Kim Rivers who is CEO, Founder and Chair of Trulieve Cannabis Corp. Kim is one of the industry's most well known and respected executives. She has deep operational knowledge and a keen eye for detail. In this episode we discuss: - Doubling Down in Florida since 2019: what others missed - Customer Obsessed: How data drives high per store sales - The importance of Sc...

Whitney Tilson is a well known value investor with a long and varied past in financial markets. He joins us to discuss markets, value investing and how he got interested in cannabis stocks. We discuss: - How Whitney got started in investing - Being a Late 1990's "Bull Market Genius" - How that Bull Run compares to Today's - Getting religion by learning about Buffett and Value Investing - The Ups a...

In this episode we are joined by Frank Perullo of Ascend Wellness. Frank is a Co-Founder of AWH and currently serves as President and Chief Strategy Officer. We Discuss: - Frank’s Background in Regulatory Affairs - Early Days of being a Cannabis Consultant in MA - Working with GTI, Tilt, Ianthus, Acreage along with mom & pop operators - Why is it so Difficult to Open a Dispensary in MA? - Gene...

In this episode we discuss the complexities of investing across any asset class right now. From commercial real estate to cannabis, investors are facing tough questions about the future, especially in the context of inflation and rising interest rates. As delve into some of the uncertainties and examine reasons why Q4 and Q1 were so tough for operators.

In this episode we update our Fed Party analogy to ask: where are we now? What's next? Where is the opportunity? As the broader market gets crushed we discuss what is happening, how stocks are being repriced and how cannabis will look in comparison.  Link: The Fed on Inflation & Rates: https://www.youtube.com/watch?v=ugBKSiTL0IU&ab_channel=BloombergMarketsandFinance

We're back! After a long road trip we share our thoughts, takeaways and changes in strategy after a very productive Benzinga. What did we see? What did we learn? What are the best investment opportunities right now?

In this week's episode we discuss Burn Out. As sentiment continues to be depressed and the macro environment looks ugly it is easy to feel down and out on cannabis. In this episode we discuss ideas and strategies for handling and avoiding burn out.

In this episode we discuss balancing short term catalysts for cannabis with an ugly macro picture. We also look out to 2024 and discuss how the industry will look, with multiple attractive markets open and a presidential election approaching. Videos mentioned: Fed will Crush Stocks - https://www.youtube.com/watch?v=Fiiib9oqTB0&t=1s&ab_channel=BloombergMarketsandFinance 

In this weeks episode we do a market update on: - the MORE act passing the house (again) - Mainstream recognition and momentum building - CAOA and SAFE possibilities - New Mexico starting legal sales with a bang - Listener Question re: Schwazze  - Cresco x Columbia Care Merger thoughts We also discuss how the macro effects of inflation, supply chain issues and accelerating rate hikes might br...

In this episode we go back to where it all started – the Canadian cannabis market! We are joined by Everett Knight who is Executive Vice President at the Valens Company. Everett has a very interesting background as he was an institutional investor in Cannabis as early as 2013. He has toured over 200 cannabis facilities between the US and Canada, investing on both sides of the border. He experience...

In this episode we discuss 3 categories of upcoming catalysts which could help propel the cannabis sector out of its current slump We break out these potential catalysts into state level changes, federal changes and potential M&A. We also discuss which changes will have a long term impact and which could be have short lived benefit. 

In this episode we dig through our listener mailbox to answer some wide ranging questions including: - New York giving first 200 retail licenses to Social Equity - Canadian LPs rapidly losing share to smaller producers; what does this mean for the US? - How do we like Curaleaf at these prices? - How will low share prices affect M&A? - When to sell your holdings? - What do we think about the An...

As markets continue to give everyone heart burn we try to take a sober look at: 1) Emotions - how it feels to live through volatility 2) Risks to Limited License Operators - some negatives we are seeing 3) Fundamentals - why the thesis still makes sense, but how we are underwriting more conservatively

In this episode we dig into potential downside risks to the long term thesis of our cannabis holdings including interstate commerce, federal regulations, state regulations and price volatility. We also spend some time discussing why its so important to think about downside risk in this industry and sizing your portfolio appropriately.  Links / Articles Discussed: 1)The Cannalysts Hot Dog Stan...

In this episode we are joined by a special guest who brings a different perspective. Charting Man Dan of The Chart Guys is a well known cannabis personality who specializes in technical analysis and chart reading. Dan is a veteran cannabis trader but also regularly trades broader indices and crypto. In this episode we discuss: - What is technical analysis? - Why is technical analysis useful? - How...

In this episode, we are joined by Hirsh Jain of Ananda Strategy. Hirsh does a deep dive on the Arizona market, which implemented its adult use program in a record 2.5 months after legalizing cannabis through a state ballot initiative in November 2020, generating more than $1.35 billion in sales in its first year. Hirsh walks through some of the reasons Arizona's program has had success, including...

It's been only 2 weeks since our last market update and we have seen a very rough market shakeout. As we face down a volatile equity market we find ourselves asking fundamental questions about investing: Why is the market behaving so wildly? Where should we invest? What sectors will do well? How will cannabis weather the storm? We talk about key macro considerations like inflation and interest rat...

In this episode we are delighted to bring back our unofficial political correspondent, Jason.  Jason has extensive experience working on the ‘Hill’.  He was a member of 2 lobbying groups that advocated for safe and fair-trade issues and economic investment in American cities.  As well, he worked for an appropriations chairman who focused on financial services and trade issues. Jason...

In this 2022 Market Update we discuss the theme that "nothing has changed" since late last year and why that is both positive and negative for the cannabis industry. In particular we discuss macro factors such as raising interest rates and how that sets up a difficult investing environment for 2022. We also discuss industry specific issues and give some predictions for how they may play out. Read...

In this episode of our executive series we are joined by Greg Butler of Cresco Labs. Greg is Cresco's Chief Commercial Officer and has a wide ranging background including pharma, private equity and alcohol.  In this interview we discuss: - Greg's Origins: How he got started in cannabis and why he chose Cresco Labs - Alcohol vs Cannabis: how the industries are different and how they are simila...

Welcome to 2022! As we ring in the new year we look forward and shares some of our predictions of what is to come this year. We discuss upcoming catalysts to get excited about, headwinds to be cautious about and discuss potential wild cards that could upend the market. If 2021 taught us anything it was that "Nobody Knows" and "Expect Volatility Ahead". PS - as we start a new year we are looking to...

Recapping the rollercoaster of the year that was 2021. Cannabis investors were hoping 2021 would be “The Chosen Year” with potential for significant federal change in the US. Instead we got whiplash and a lesson in humility. In this episode we rewind to the start of the year and discuss how key events played out. The end of the year is a great time to do some sober reflection on what we got right,...

In this episode we are joined by special guest Hirsh Jain.  Hirsh is the founder of Ananda Strategy, a consultancy that works with many of California's leading cannabis brands and retailers and has helped its clients operationalize some of the most successful cannabis facilities in the state. We unpack what’s changed since Hirsh’s last appearance.  We address the elephant in the roo...