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 Analysis with James & Ed
-rallied back a lot; cross currents
-Aphria; Village Farms going sideways
-gold $1330; looks close to breaking out
– what would need to happen for copper to take off?
13:08 – Midas Letter News
-Canopy Growth (TSE:WEED) cultivation license for NB facility
-iAnthus (CNSX:IAN) issues notice of redemption for debentures
-MPX International (CNSX:MPXI) closes private placement
-The Green Organic Dutchman (TSE:TGOD) The Growers’ Circle launch
-AgriFlora (CNSX:AGRA) closes equity participation
-BLOCKStrain (CVE:DNAX.V) announces losses
-Canaccord Genuity (TSE:CF)
-Choom (CNSX:CHOO) expanding into Florida
-Liberty Health Sciences (CNSX:LHS) can sell smokable product in Florida
-Newstrike (CVE:HIP) UP Cannabis supply agreement with New Brunswick
17:44 – 420Investor and New Cannabis Ventures Founder Alan Brochstein discusses investment opportunities ahead of the bricks and mortar retail cannabis launch in Ontario. Brochstein emphasizes that retailers may be able to command more value in Canada as the illicit market in Canada is displaced. Brochstein believes Alcanna Inc (TSE:CLIQ) (OTCMKTS:LQSIF) has been overlooked by retail investors.
34:59 – Canaccord Genuity Group Inc (TSE:CF) (OTCMKTS:CCORF) (FRA:C6U) Analyst Matt Bottomley shares his thoughts on recent M&A activity in the cannabis space. Bottomley breaks down HEXO Corp’s (TSE:HEXO) (NYSE:HEXO) (FRA:74H) recent acquisition of Newstrike Brands Ltd (CVE:HIP) (OTCMKTS:NWKRF) (FRA:0N8). The deal represents a significant issue for Tier 2 names, who might have to take smaller deals to grow with bigger names.
47:56 – Midas Letter Capital Markets Advisor Steve Misener, CFA breaks down the events shaping global markets this week. Misener discusses why German 10-year bond yields have dropped below zero and what that means for investors. Misener explains how Brexit will impact markets and notes that Northern Ireland is playing a pivotal role in keeping Theresa May’s government afloat.
59:06 – Macroeconomics and Cannabis Analysis with James & Ed
-upcoming financials: Cronos, CannTrust, Auxly, Green Thumb Industries, TerrAscend
-TGOD is actually selling weed
-launch of The Growers’ Circle; premium product for medical patients
-gold chart: good day
-Village Farms (VFF) down 11%
-Ventura Cannabis (CNSX:VCAN) chart:
1:13:02 – PI Financial Corp Cannabis/Special Situations Analyst Jason Zandberg discusses why he’s bullish on the US cannabis market. Zandberg notes that while Canadian recreational cannabis sales are falling behind original estimates, US numbers continue to exceed expectations.
1:22:27 – Macroeconomics and Cannabis Analysis with James & Ed
-US MSOs the big story; both Alan and Matt see potential internationally
-Curaleaf, iAnthus, Harvest, who is the biggest?
-ML indexes: large cap up slightly, the rest down; Cronos up 6% drove up large cap
Tomorrow: Bruce Linton, Canopy Growth, Cannmart, Paradigm Capital,
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