Midas Letter RAW 109: Supreme Cannabis, Cannex, Heritage Cannabis, and Cannabis Market Analysis
Watch all interviews aired on this show as individual segments on Midas Letter Clips:
Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. James West and Ed Milewski provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business.
0:00 – Macroeconomics and Cannabis News and Analysis with James & Ed
-Aurora Cannabis Inc (TSE:ACB) finalized ICC deal; purchase price $290M
-Aleafia Heath Inc (CVE:ALEF) closes acquisition of 51% interest in Flying High Brands Inc
-Namaste (CVE:N) goal Cannmart to become largest online seller
-Origin House (OH) may accelerate outstanding warrants; acceleration trigger has occurred
-Lineage Grow Company Ltd announced purchase of Agri Farms; 100% ownership
-Redecan mold/insect complaint about product sold on OCS store (5 complaints out of 500,000); voluntary recall of all units
-ML indexes: review; large cap up 0.5%; basically all holding
9:38 – Video – The Kelly Criterion: What is the Kelly Criterion and how does it help investors? Liz West finds out more.
13:40 – Analyst Dmitri Zaytsev returns to the Midas Letter set to talk about the Kelly criterion and why it’s a useful probability theory for retail investors.
24:18 – Cannex Capital Group (CNSX:CNNX) (OTCMKTS:CNXXF) CEO Anthony Dutton has nothing but praise for Gotham Green Partners, LLC after Gotham’s $32 million USD investment in Cannex.
34:51 – Macroeconomics and Cannabis Analysis with James & Ed
-Gotham financed iAnthus and Cronos; serious cannabis investor; have to watch Cannex now
-look at Cannex chart
37:41 – Supreme Cannabis Company Inc (CVE:FIRE) (OTCMKTS:SPRWF) (FRA:53S1) President John Fowler discusses the company’s recently completed $100 million bought deal with GMP Securities L.P. and BMO Capital Markets.
48:38 – Macroeconomics and Cannabis Analysis with James & Ed
-Supreme chart: strong base in the $1.40-$1.50 range; big support level
-MedMen (MMEN): Ed bought some; look at chart; looking for 50-60 cents
-Q: Where do companies come up with market size est.? A: accounting firms, etc
-FSD Pharma (HUGE) Ed: amazed, they priced it so that everyone made money; but now it’s pulled back too much; like to see a stock hold at least half its high (busted stock if it drops lower)
-Q: CGC and ACB in 5 years? A: James CGC going to $100; ACB $20-25
100:23 – Heritage Cannabis Holdings Corp (CNSX:CANN) (OTCMKTS:UMBBF) (FRA:2UE) President Clint Sharples believes the company is beginning to look like a large licensed producer. In October, the company completed a definitive agreement to acquire CannaCure Corporation.
1:17:04 – Macroeconomics and Cannabis Analysis with James & Ed
-Heritage risks? 400M shares out
-Look at S&P chart; so far so good
-Why is Aphria not following market?
Next week: James in LA for 3 days; Ed, Brandon Colwell, Steve Misener, Neptune Wellness, Pure Global, Charting Man Dan going to be on the show every Tuesday, starting next week
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