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
-Today: Flower One CEO, Charting Man Dan, Khiron Life Sciences President, Heritage Cannabis CEO,
3:35 – Midas Letter News
-New Zealanders will have referendum on rec cannabis use in 2020
-Tilray (NASDAQ:TLRY) entered into an agreement with pharma company Sandoz (subsidiary of Novartis)
-Aphria Inc (TSE:APHA) and RapidDose Inc expanding previous agreement (to sell RDT’s quick strip in Germany)
-MJardin Group (CNSX:MJAR) first medical cannabis investment for studies
5:59 – Macroeconomics and Cannabis Analysis
-Tilray-Novartis news is huge
-Tilray was down to $64 yesterday; now up $13; gradually grind higher
-Novartis has announced Tilray will be exclusive supplier of cannabis products for Novartis; Novartis has distribution essentially all over the world
13:14 – Trivia: How long would the TSX trade for in its early days?
14:11 – Flower One Holdings Inc (CNSX:FONE) is a Nevada-focused cannabis company. President and CEO Ken Villazor explains that while Nevada is a state that allows full vertical integration in the cannabis industry, Flower One is focused on its core strengths of cultivation and production.
24:40 – Trivia Answer: C) one 30 min trading session
25:33 – Macroeconomics and Cannabis Analysis with James & Ed
-cannabis stocks starting to move up
-Q: Take on Citron Research talking Aphria, Cronos on twitter? A: Andrew Left has no credibility
30:58 – The Chart Guys Founding Partner and Analyst Charting Man Dan McDermitt discusses the correlation between oil prices, the S&P500, and the cannabis space.
41:44 – Macroeconomics and Cannabis Analysis with James & Ed
-oil
-Ed: oil stock (triple leveraged ETF) buy; plans to sell it tomorrow
-Charting Man Dan: when retail investors start to get fed up, time to get in
-Ed: when it goes through the Bollinger Bands
-Heritage (CNSX:CANN) would like to see share consolidation
52:58 – Khiron Life Sciences Corp (CVE:KHRN) (OTCMKTS:KHRNF) (FRA:4KH) President Chris Naprawa believes Mexico’s rapid move to legalize cannabis is the biggest news to hit the sector to date. That’s good news for Khiron, as the Colombia-based company already has a considerable footprint in Latin America.
1:00:40 – Macroeconomics and Cannabis Analysis with James & Ed
-Ed: like that Khiron doesn’t have monster market cap and have medical support; Vicente Fox
-ML large cap index up 1.5% today
-Tilray up $10; want to own any stock that Tilray has made investment in since Tilray doesn’t have enough capacity to match Novardis
-Curaleaf, TGOD
-ML indexes all up (except for venture)
1:10:44 – Heritage Cannabis Holdings Corp (CNSX:CANN) (OTCMKTS:HERTF) (FRA:2UE) CEO Clint Sharples shares details of the company’s plans for 2019.
1:20:59 – Video – The Farm Bill: what does it mean for the cannabis space? Adamo Barbieri finds out.
1:24:35 – Macroeconomics and Cannabis Analysis with James & Ed
-Farm Bill: narrows definition of what marijuana is
-Q: Why is Heritage trading so low? A: a lot of paper out there from company’s previous entity that’s free trading; need to consolidate
-about to have a CBD price war in the US with passage of Farm Bill
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