Cannabis Investing Network

In this episode we examine an article titled "The Cannabis Bubble has Burst". Were we in a bubble? What is a bubble? What does this mean for cannabis investors? - The definition of an investment bubble (valuations vs fundamentals) - Why it's so difficult to identify a bubble - The 5 Stages of a Bubble: Displacement, Boom, Euphoria, Selling & Panic 1. Displacement: How it starts 2. Boom: Quick...

In this episode we dive into the world of Sale Leaseback transactions. We are seeing this pop up more and more as the capital crunch gets worse. - What are Sale Leasebacks? - How do they work? - What's special about Cannabis related Leasebacks? - Why are we hearing so much about these kind of deals? - Who is Innovative Industrial REIT (IIPR) and how important are they to the industry? - Would Mani...

What happens next for Cannabis stocks? Will the market bounce back to new highs or is there more pain in sight? - Short Term Trading vs Long Term Investing - Yes and No: Why some companies will surge and some will fail - Sector wide sell-off hurts everyone - Winners starting to bounce back and differentiate themselves - Why many companies will fail going forward - How did we get here? Pre Legaliza...

In this episode we explore the pains and issues Canada is having. What are the core problems? What are the solutions? Will these problems be solved? When? - Forecasting the Canadian Weed Stocks going forward (how to play the volatility) - The Good News: Many of the problems are fixable and will eventually be solved - The Bad News: We are 12-24 months away from any earnings relief. Many companies w...

In this episode we explore Maneesh's thesis that Florida is the best cannabis market we've seen so far. Here's why: - The 3 levels of cannabis legality - which is the best for investors? - Why is every big company focusing on Florida? Profitability - Trulieve leads the industry in EBITDA margins and Earnings - What makes Florida such a profitable market? - Overview of Florida's rules and set-up -...

We're back! In this PACKED market update we cover: - Whatever happened to that vaping "crisis"? Some positive news for Canada for once! - Cannabis Council write an Open Letter to Doug Ford - Ford Government responds quickly - signalling very positive news for Ontario and Canada - The 3 changes the Ford government is promising and why it might save the cannabis market - BUT be careful...they still...

In this episode we deviate from our usual mantra of "buy companies not stocks" and talk about why it is important to be a good stock and what makes a good stock.  How do companies capture investor attention and get love from the capital markets? We differentiate between being a fundamentally good long term investment and being a good stock that captures the attention of investors.

This is an episode we recorded in the summer after visiting Detroit for a conference. We give an overview of the Michigan market and why we think it will be one investors should pay close attention to. - The revitalization of Detroit since 2008 - The 6 main types of licenses (similar to California's model): #1) Cultivation #2) Processing / Extraction / Manufacturing #3)  Retail / Dispensary #...

This was a fun one! In this episode we talk about our favourite new products we've seen or tried.  Most of these products are from California and give us a hint of what's to come in other markets. #1) HEXO CBD Peppermint Spray - https://ocs.ca/products/elixir-cbd-peppermint-oil-oral-spray-hexo (Canada only) #2) THC & CBD Infused Bath Bomb - https://myjane.com/ (California subscription ser...

In this episode we explore the July 2019 sales data for Canada and compare it to sales numbers for mature US markets - How Canada compares to Colorado, Washington and Oregon (mature markets) - How other emerging markets like California and Nevada compare - We breakdown how sales are doing and what future sales might look like  - Lastly we derive future potential valuations from both conservat...

In This Market Update: - Valens Grow releases excellent earnings. What this means for the extraction sector - How does Valens compare to Medipharm Labs? - Auxly proposes an interesting solution to $100M of upcoming debt - How this will impact Aurora's upcoming $230M (March 2020) - Origin House - HSR Date passes with no announcement...what's going on? - Cannabis 2.0 officially kicks off with good m...

In this episode we discuss the new reality of the Cannabis Market - corrected values and the end of easy money 1) The Correction -- How did we get here? - Natural transition from a hype-driven to a results-driven environment - Using real estate developments as an example (selling the sizzle vs the steak) - How the overall sales numbers are WAY off the projections ($4.6B vs $1B) 2) What is Easy Mon...

We are at a critical juncture in Cannabis: - There is a structural shift to evaluating companies on fundamentals and cash burn - Bad News: Medmen and Pharmacann cancel proposed merger - Who got a better deal? And Medmen's CFO getting fired - How this might impact Origin House / Cresco Labs - More Bad News: HEXO misses revenue and CFO gets fired (note the pattern) - HEXO drops hard in price - is it...

In this episode we examine how the Canadian market has evolved over the past few years. We explore each part of the value chain - Cultivation, Brands, Processing and Retail and see if Canada is losing ground to other countries. 

In this episode we go through the mechanics of how and why Weed Companies raise capital. This is especially important in today's environment when companies may be forced to suffer significant dilution if they can't raise on favourable terms.  We use a theoretical company ABC ("Always Be Cultivating") and explore how they might approach investors at each stage of their business.  See how...

In this Market Update we discuss how we are right in the middle of a perfect storm of negativity and uncertainty: - How we got here (CannTrust > Recession Fears > Canopy Earnings > Vapegate) -  Why the Vape Issue is really a Black Market Problem - How Vaping should be solved and the unfortunate knee jerk reaction - Emergency Financing: Why Prices Dropped 20-30% in the last week - Kus...

We are back with a PACKED Market Update: 1) Breaking down the HISTORIC passage of the SAFE Banking Act (by the House) - How it happened and Why it matters - The road ahead (goes through the Senate) - Benefits of the SAFE Banking Act - Why Traditional Bank Financing would be a huge positive for US Cannabis companies 2) Exploring the Vaping Health Epidemic (is it really an epidemic?) - 350 cases wit...

In this episode Abi discusses his recent California trip and how complicated distribution in the Golden State is. We compare Canada to California and talk about the fragmentation of the market.

NOTE / WARNING - THIS EPISODE IS VERY OUTDATED.  Yes, even though it's not that old our views on this topic shift very quickly and there's some companies on here you should avoid There are several companies in this episode we no longer like including Harvest, Medmen, Ianthus and CV Sciences.  We're keeping this episode up but want to give you fair warning to be careful on cannabis invest...

The Medmen/Pharmacann acquisition passing DOJ regulatory hurdle is BIG news. Here's why: - What is the DOJ 2nd Request Process? - Why this is SO important to US Cannabis stocks? - Which MSOs will benefit from this announcement? - What this means going forward for US Weed Stocks? - Are investors fully appreciating how important this is? - How is the weed market performing since the August lows? - W...

- Mapping out the supply chain from start to finish - How the supply chain varies in the US vs Canada - Why it's important for investors to understand the supply chain - Specialization vs Vertical Integration - LPs / Cultivators: Issues they will face going forward - Exraction / Processing: Why we are bullish for the future  - Distribution: Canada vs US - Retail & Dispensaries: Vegas vs T...

In this episode we cover investing basics: - What is an index (eg. TSX, Dow Jones, S&P 500)? - ETF: Basket of stocks typically reflecting a particular sector - Be careful with ETFs and HMMJ - Hedge Funds vs Mutual Funds - Actively Managed vs Passively Managed Funds - Management Expense Ratio (MER) - Price to Earnings (P/E) Ratio - Value vs Growth: Low P/E vs High P/E stocks - Picking a P/E mul...

In This Episode: - "Creating Value is not enough..." - Peter Thiel - 4 Reasons Why A Good Product may do poorly as an investment - 1) Being out of favour with the capital markets / institutional capital - 2) The company can be overvalued, even if the prodcut is good - 3) Company Profit and Share Price don't always move together - 4) A weak and expanding Cap Table can cause issues - Relating cannab...

In this episode: - What is FOMO and why does it matter - Is FOMO Unique to Millennials? - Fear vs Greed: Which is more powerful? - Equities vs Fixed Income - Shifting investor mindset to longterm value - What we could learn from Bitcoin - Why Cannabis is different than Bitcoin - What happens when markets are moving up & moving down - Creating Systems which allow you to make good investing deci...

In this market update: - How's the Marijuana Stock Index doing? - Broad Strokes: What caused a heavy downturn - Starting with CannTrust non-compliance - US DOJ Anti-trust concerns delaying mergers - Fed rate cute; Broader market sell-off - Some good news from Medipharm, Cresco, Trulieve and general US progress - Are we heading into a recession? - How Canopy Growth headlines overshadowed everyone -...