This Week in Cannabis – Feb 22 to Feb 28 2021
This Week in Cannabis – Feb 22 to Feb 28 2021
Mid-Week Update – https://youtu.be/RvaiwO_vvhs
Watch until the end for a gift, an additional US MSO I noticed on Monday night. I bought 2300 shares are $0.69 because they are trading at a massive discount relative to their current revenue growth right now. Based on current revenue, this company should trade at a market cap of $1B at least, comparable to other companies, therefore getting in at a $225M market cap could see growth close to 4X as their current valuation provides a great margin of safety with plenty more potential upside based on future growth projections.
Timecodes:
00:00 – Intro
00:40 – IRS wants Cannabis businesses paying tax electronically
2:45 – International Updates: Mexico, Morocco, London
5:30 – States and Cannabis Reform This Week
8:00 – US Media fails again
9:20 – Politician buys Cannabis stocks LOL wrong ones
12:34 – More MSOs announce Q4 Earnings dates
15:13 – Canadian LP Updates
20:36 – Who says value investing is dead?
24:30 – Tilt Holdings is trading at a significant discount RIGHT NOW.
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Resources Mentioned in Video:
IRS Chief Says Agency Would ‘Prefer’ If Marijuana Businesses Could Pay Taxes Electronically
three little birds have whispered that SAFE will be introduced as a stand-alone bill the second week of March.
obviously not confirmed but this echoes what @BCobblaw offered last week @joinClubhouse so our eyes are wide open.
gotta see the language, of course.
🇺🇸 #cannabis
— Todd Harrison (@todd_harrison) February 26, 2021
https://www.bnnbloomberg.ca/video/mexico-looks-to-open-up-its-market-to-legal-cannabis~2148178
Morocco aims to legalize cannabis for medical and industrial use
https://www.cannabis-europa.com/2021/02/08/london-stock-exchange-london-is-open/
https://twitter.com/tomangell/status/1364947167337660430/photo/1
Connecticut Governor Touts Marijuana Legalization Bill Ahead Of First Hearing
https://www.nbcwashington.com/news/bowser-introduces-legislation-to-decriminalize-adult-use-cannabis-sales-in-dc/2588524/
https://myfox8.com/news/pennsylvania-lawmakers-to-introduce-adult-use-cannabis-bill/amp/
Great New Jersey Cannabis news….so they bring on the $apha and $tlry CEOs…they really never learn 🤦♂️ @CNBC @todd_harrison #Potstocks #MSOGang $gtbif $curlf $crlbf $tcnnf $trssf $msos pic.twitter.com/tstFG0n58Y
— KP650 (@JTaoTheRapper) February 24, 2021
https://www.foxbusiness.com/markets/powerful-house-dem-bought-cannabis-stocks-after-pushing-decriminalization.amp
https://www.newswire.ca/news-releases/trulieve-cannabis-corp-announces-release-date-conference-call-and-webcast-for-the-fourth-quarter-of-2020-872014875.html
https://investors.trulieve.com/news-releases/news-release-details/trulieve-partners-thurgood-marshall-college-fund-provide-college
https://ir.ayrwellness.com/news-events/press-releases/detail/71/ayr-wellness-to-hold-fourth-quarter-and-full-year-2020
http://investors.innovativeindustrialproperties.com/press-releases/2021/02-24-2021-211642895
https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2020-fourth-quarter-and-full-year-results
https://www.newswire.ca/news-releases/fire-amp-flower-enters-u-s-cannabis-market-through-strategic-licensing-partnership-and-acquisition-option-with-american-acres-837658220.html
https://clinicaltrials.gov/ct2/show/NCT04763252
https://ca.finance.yahoo.com/quote/TILT.CN?p=TILT.CN
https://ca.finance.yahoo.com/quote/CCHW.NE?p=CCHW.NE
https://twitter.com/cashflow_free/status/1363114899254235137/photo/1
This Week in Cannabis is a weekly recap of the Cannabis industry for retail investors to learn about the budding opportunity unfolding in North America before Cannabis goes global.
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Your enthusiasm for the industry is infectious. Thanks for sharing the research you do. You are awesome!
n Washington, D.C., cannabis is legal for recreational and medical uses, but is barred from commercial sale. Kind of dumb hopefully that changes
Give or BLM will Black Ball You and you won’t sell any weed.
😎
thanks
What do you think of VEXTF? Seems like it has good growth potential in Arizona. I can’t buy it directly through my brokerage, it says I have to call and have them order it.
Thank you!!!
Hey mate, I reckon one of the reasons you aren’t seeing TILT get a lot of interest is that it might not be available or visible on many of the zero/low fee retail brokerages and just isn’t seeing the volume of orders to drive it up.
I could be wrong.
Hexo already has US distribution with Coors.
Lol I read you loud and clear about the shrooms stocks. 😂
Lawmakers in Virginia have reached a deal to make the state the 16th in the nation and the first in the south to legalize recreational marijuana use starting in 2024. Lawmakers in both the House and Senate passed the bill in a party line vote of 48 to 43 in the House and 20 to 19 in the Senate. The legislation would legalize the use of cannabis by people over the age of 21 starting in 2024, when retail markets would be established.
Two of the best informed sources of info in the cannabis industry–Todd Harrison and Make More Capital videos.
Sorry for my bad explanation of buying assets for pennies on the dollar during the video so I will try to clarify here.
Let’s assume Columbia Care’s enterprise value or book value is $2B (they have more future growth potential than TILT, that is why they are valued more but forget that for this example).
So if you want to own a company that is bringing in $150,000,000 in revenue after 3 quarters, you can buy Columbia Care right now, worth $2B. This current valuation implies no future growth and no discount (fair value). It’s like investing $1 today for $1 of future earnings and as Colombia Care grows their operations, your money grows with it.
Now let’s say the next company you look at is TILT. They are also bringing in $150,000,000 in revenue after 3 quarters but you can buy shares of TILT right now, worth $225M, nearly 1/8 the market cap of Columbia Care! At LESS than book value, this implies a discount from Tilt’s actual enterprise or book value so it’s like paying $0.15 cents today for $1 of future earnings and as Tilt grows their operations, your money will grow more because TILT is trading at such a discount right now.
You dont think there is still some insider information Rep. Yarmuth has that is leading him to not invest in US MSOs?