Horizons ETF Management, AlphaNorth Asset Management, & Ben Smith - Midas Letter RAW 120

Описание: 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
-Cronos Group Inc (TSE:CRON) throwing hat into the ring

5:26 - Midas Letter News
-Aurora Cannabis Inc (TSE:ACB) entered in agreement to acquire all shares of Farmacias, first-mover advantage in Mexico
-Emblem Corp (CVE:EMC) medical cannabis products soon to be available in Shoppers Drug Mart
-Eve & Co Inc (CVE:EVE) receives Health Canada approval for new expansion
Cresco Labs Inc (CNSX:CL) Q3 revenue of $12.2M; YTD of $25.1M revenue; successfully raised $205M in three raises in 2018

7:50 - Macroeconomics and Cannabis Analysis with James & Ed
-look up Cresco net income/loss line; net income $3.9M Q3
-CannTrust (TSE:TRST) already has relationship with Apotex
-Cronos was attractive for Altria (NYSE:MO) because already US focused
-Vivo Cannabis (CVE:VIVO) chart: downward trend
-since the contraction in the space, companies holding back a little?
-S&P chart: swing of 50 points; new low territory (since October)

18:33 - Horizons ETFs Management (Canada) President and CEO Steve Hawkins provides his take on the current state of the cannabis market. Hawkins is still bullish about cannabis stocks and believes the recent Altria-Cronos deal is just one of many potential industry catalysts.

29:40 - Trivia Question: When was the first recorded instance of psychoactive marijuana use?

30:06 - Midas Letter Senior Writer Ben Smith
-broad market weakness playing into cannabis space slump; hard for the space to rally when slump in broader markets
-Chance of reversal in January? Yes, don't know how sustained it will be; recession is being priced in
-Hindenburg-Aphria report: looks better for Aphria as time goes on; but truth is probably in the middle
-the assertion that Aphria was worth nothing has been pretty much debunked
-cannabis juniors: getting caught in the drag net of sector selling
-what will make to the sector move to the upside? First want to see the big names trade above 200 day average; need a rebound in broader market; run in the S&P

42:03 - Trivia Question: Answer: C. 4000 BC in China

42:40 - Macroeconomics and Cannabis Analysis with James & Ed
-109 cannabis issuers on the CSE alone
-Altria deal happened because younger people don't smoke anymore
-all cannabis stocks were getting hammered, but they caught a deal; TSE:CRON flying today
Q: will Canadian MJ stocks profit from the Farm Bill? A: Yes, the ones operating in US
-Q: What is Cronos going to do with all that money?
-all the big winners today are penny stocks
-ML indexes; large cap up largely on Aphria, MedMen (CNSX:MMEN), Cronos, Aurora
-small cap up; Choom (CNSX:CHOO), Liberty Health (CNSX:LHS), Namaste (CVE:N),
-Hindenburg report starting to look like a lemon?

1:07:31 - Video - Smoking & Growing Cannabis in Rentals: What are the rules for rental tenants since legalization? Sean Cookson finds out.

1:10:51 - Macroeconomics and Cannabis Analysis with James & Ed
-overreach by condo boards?

1:17:04 - AlphaNorth Asset Management President and CIO Steve Palmer has a bearish outlook on the cannabis space. Palmer views the cannabis sector as a bubble and compares it to the tech bubble of the late 90s.

************************

Check out our website:
https://MidasLetter.com



************************

SUBSCRIBE to our YouTube:
http://bit.ly/MidasLetterYoutube

SUBSCRIBE to Midas Letter Clips:
https://www.youtube.com/channel/UCkoi...
UiHOj4SVA?view_as=subscriber?sub_confirmation=1

SUBSCRIBE to our Newsletter:
http://bit.ly/MidasLetterNewsletter

Download Our Podcast on iTunes:
http://bit.ly/MidasLetterPodcast

************************

Follow Us on Twitter:
http://bit.ly/MidasLetterTwitter

Like Us on Instagram:
http://bit.ly/MidasLetterInsta

Like Us on Facebook:
http://bit.ly/MidasLetterFacebook

************************

#MidasLetter
#TechnicalAnalysis
#WeedStocks