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/Cannabis Analysis with James & Ed
-market action: selloff continues; Aurora (TSE:ABC) down $2; Tilray (NASDAQ:TLRY) down almost 13% (hard to short)
-Scenario: cannabis stocks go into a prolonged correction and might be in a gold/precious metals market
-start to value cannabis companies by revenue/EBITDA by Q2 2019
-CannabixTech (CNSX:BLO) market cap of $200M; FluroTech has that potential
26:00 – Site visit: Aphria Inc (TSE:APH), Lemington, Ontario
31:16 – Howard Glassman, Co-Host of the Humble & Fred Show starts things off with questions for James and Ed about the cannabis space and explains how he bought Canopy Growth at $10.
53:14 – Site visit: CannTrust (TSE:TRST), Vaughan, Ontario
58:20 – Sean McNulty, an Advisor with Canopy Rivers (CIV:RIV) believes the cannabis industry is “this is one of the most compelling opportunities in the history of capitalism.” While he does see certain risks in the space, McNulty believes with the advent of legalization “we’re an inch into a marathon.”
1:12:54 – Site visit: James E Wagner Cultivation Corp (CVE:JWCA)
1:18:10 – Newstrike Brands (CVE:HIP) CEO Jay Wilgar shares his views on Health Canada advertising restrictions and the need to build cannabis brands to eliminate black market suppliers.
1:25:13 – Site visit: Organigram (CVE:OGI) Moncton, New Brunswick
1:30:10 – James E Wagner Cultivation Corp (CVE:JWCA) CEO Nathan Woodworth explains his familial connections to the cannabis industry and how JWC’s aeroponic growing cuts the company’s production costs.
1:41:26 – Site visit: Khiron Life Sciences Corp (CVE:KHRN) Colombia
1:45:32 – Macroeconomics & Cannabis Analysis with James & Ed
-bleeding has slowed for large caps
– Aurora staging a turnaround on this news; -Ed: “very powerful candle”; official news of NYSE uplisting?
-Midas Letter Small Cap Index check in
1:58:15 – Site visit: Hydropothecary (TSE:HEXO) Gatineau, Quebec
2:02:23 – Canaccord Genuity Analyst Matt Bottomley believes the cannabis sector is still a catalyst-rich environment and posits that international medical legalization, major outside investment, and Ontario’s retail market are all value catalysts in the space.
2:13:52 – Site visit: Cronos (NASDAQ:CRON) Stayner, Ontario
2:18:40 – Follow the Money Investment Group Director Brandon Colwell walks through the OCS order process with James, suggest major financial institution investment is the next big value catalyst for the sector, and talks about the benefits of the VESIsorb technology and its implications for THC.
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