The Truth of Cannabis Stocks
Today we go through exactly why a majority of cannabis companies are not able to uplift to major exchanges such as the NASDAQ or NYSE. If you find this video informative, please consider subscribing and see you all in the next one!
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Time Stamps:
00:00 – Overview
00:55 – Cannabis Stocks & NASDAQ
04:29 – Why Uplist?
06:53 – NASDAQ Requirements
07:36 – High Tide Update
10:42 – Thanks!!
Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
#CannabisStocks
#Stocks
#HighTide
Think Canadians are going to be late to the game not to mention they are burning money, not American pot stocks. and they are all raising money. The safe banking act will change the game too. It’s like trying to go to the party late. Michigan market alone is 1.8billion in revenue and Canada only does 2.3billion. That’s one state. I think the main point is hedge fund don’t play OTC cannabis stocks as much because of liquidity issues. imagine a hedge fund one morning buying 2/3 of the company GAGE. Ultimately, it looks like Americans do care about their favorite pot stocks. Not to mention, American companies will be force to acquire and merge with each other before the Canadian companies even get here. Look at Trulieve already profitable and buying other companies while CGC, Tilray, ACB, and cronos are burning money. Let them bet on the international markets, they roll their weed with tobacco. NO ONE SMOKES POT LIKE AMERICANS!!!!
I own next green wave. (Nxgwf) they are constructing a 2nd facility later in 2021 that will over double their capacity. They are fairly cheap too at around a 1-10 price/free cash flow ratio. They are ebidta positive and tremendous organic growth. I believe around 55 percent of total revenue is going to ebidta as well. They have a different business model than planet 13. They play in the high grade cannabis market- sort of like gtec.
Iām a big fan of HYFM. Underrated and a good way to play cannabis.
Correction: Cannabis-related stocks can list on the NASDAQ and NYSE if they aren’t plant touching/handling. These would be the equipment suppliers, warehouses, etc. I own a few of these: $GRWG $AGFY $IIPR $PW
Planet 13 is mine investment!!!
Fantastic video Daniel. Yes, please do a full update on High Tide, that will be great. An attractive proposition about the American Cannabis companies is that they may get on the nasdaq only after federal legalization which means that institutional money isn’t in these stocks yet … and so if we get now and this becomes legal then they may experience a serious boom. I’m in Planet-13 (got in very very early) and Trulieve. I have a smaller position in High Tide which I’m going to increase. Do you own any other Cannabis stocks other than High Tide? Which 2-3 other stocks would you look into in this sector? Another stock I am looking into is Green Thumb, any thoughts on them?
Do you own any cannabis stocks? If so, which ones?
Would love to see a Planet 13 video with price targets. I think longterm they could be a $10 Billion company.
HCANF, KUSH, CRESCO, AYR and IIPR. Would love your thoughts on HCANF.
Planet 13 baby! Love the company!
PLNHF planet 13!!
DO HIGH TIDE MORE IN DEPTH ā¼ļøšš½
PLNHF, GRWG and GGTTF
Thank you Daniel. Could you do a more in depth video on High Tide
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Question is : when will they legalize it in all the US country š„ , so easy taxed money for them ..