Supreme Cannabis President John Fowler, James in Miami, Benjamin A. Smith - Midas Letter RAW 118

Описание: Watch all interviews aired on this show as individual segments on Midas Letter Clips:
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Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. Ed Milewski and Brandon Colwell 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 Brandon & Ed
-real rally going on; Aphria up 30%; 2nd Hindenburg report out
-DOW, S&P haven't had the best days; major divergence; S&P chart

4:53 - Midas Letter News
-Aphria Inc (TSE:APHA) appoints special independent committee to undertake comprehensive review
-Acreage Holdings Inc (CNSX: ACRG.U) signs definitive agreement with Form Factory Inc, all-stock transaction valued at $160M
-Canopy Growth (TSE:WEED) deal with Storz & Bickel designers and manufacturers on medically approved vaporizers
-FSD Pharma Inc (CNSX:HUGE) announced definitive agreement with World Class Extraction Inc
-MedMen (CNSX:MMEN) hires Michael Cramer as new CFO
-Tilt Holdings Inc (CNSX:TILT) acquires Blackbird Holdings Corp, distributions and logistics company; began trading on CSE today
-Khalifa Kush Enterprises will provide cannabis-related services and exclusive distribution rights to Supreme Cannabis (CVE:FIRE)
-Tilray Inc (NASDAQ:TLRY) partners with researchers at the University of Sidney for study on medical cannabinoids and driving

10:48 - Visit with James in Miami
-ML large cap index up over 11%; largely due to Aphria
-sentiment seems to have shifted in favour of Aphria; cannabis rally is going in the opposite direction of the broader market
-in this atmosphere of recovery, you would have expected Cronos to put on a lot more

23:58 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-Q: is cannabis a safe place to park your money during a recession? A: possibly; old saying "alcohol is recession proof" hard to say in terms of cannabis, way too much speculation involved
Q: Do you think Aphria founds the bottom? A: possibly; Vic Neufeld on BNN today; always look for both sides

30:21 - Trivia: How much did Canadian households spend on cannabis in 2017?

30:53 - The Supreme Cannabis Company Inc (CVE:FIRE) President John Fowler shares his excitement about the company’s recently announced partnership with Khalifa Kush Enterprises (KKE), the cannabis brand of hip hop star Wiz Khalifa.

45:49 - Trivia Answer: $5,526,600,000

46:41 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-S&P 500: green candle getting bigger; only down 10 S&P points
-Aphria up 46% possibility of it gapping up tomorrow morning
-if you're actively trading, small losses are your friends
-Q: do you think a Trump tax cut in January can rally markets? A: tax cuts can, but there are a lot of other negative factors right now
-dead cat bounce? bull trap? Would rather see steady increases
-Aphria finished up 51%
-ML Canadian Cannabis Index up over 10%; MedMen up 22%; Aurora up 13%; fantastic closes, but want to see it continue

1:05:15 - Visit with Midas Letter Lead Financial Writer Benjamin A. Smith
-Hindenburg report focused on Liberty Health, Aphria huge rally
-Liberty Health focus: any merit? Appearance of insider deals (on Aphria side?)? Still have great agreements and assets there; if corporate governance is the issue here and nothing else, assets have already been hit, have to work on the governance/policies
-investors are going to start focus on trend of really really cheap shares/in high volume for insiders (huge problem)
-Huawei arrest; Iran espionage allegations (US believed China behind Marriott hack); typical volatility at end of business cycle; cannabis industry has always had perfect macro conditions
-now volatility of broader market and cannabis volatility;

1:21:16 - Video - Cannabis Since Legalization: Is it harder to get cannabis now? Conor Shaw finds out more.

1:23:53 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-Conor Shaw joins, talks about quality of cannabis from OCS

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