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
-3 cannabis conferences in Toronto this week
-Paradigm Capital Biosynthesis Conference, GMP Cannabis Day, Benzinga
-Canopy Growth (TSE:WEED) (NYSE:CGC)-Acreage deal (CNSX:ACRG.U); blueprint for big brands to get into the space
6:30 – Midas Letter News
-Canopy Growth Corp (TSE:WEED) (NYSE:CGC) definitive arrangement agreement with Acreage Holdings Inc (CNSX:ACRG.U) that allows Canopy to acquire 100% of shares of Acreage; licensing agreement
-Chemistree Technology Inc (CNSX:CHM and CHM.WT) updates shareholders on Washington State assets and Desert Hot Springs California cultivation facility development
-Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) finalizes contract with German Federal Institute for Drugs and Medical Devices
-Acreage Holdings Inc (CNSX:ACRG.U) subsidiary High Street enters into agreement to acquire 100% of Deep Roots Medical
-PharmaCielo Ltd (CVE:PCLO) announces losses
-iAnthus Capital Holdings Inc (CNSX:IAN) launching sale of smokable flower and prerolls in Florida
9:59 – Macroeconomics and Cannabis Analysis with James & Ed
12:13 – Khiron Life Sciences Corp (CVE:KHRN) (OTCMKTS:KHRNF) (FRA:4KH) President Chris Naprawa clears up a misconception created when the company announced it had signed a definitive agreement for the acquisition of NettaGrowth International. Naprawa anticipates that the company’s CBD cosmetic products will be available in up to 400 stores in Colombia by the end of this quarter.
18:47 – Macroeconomics and Cannabis Analysis with James & Ed
-Aphria Inc (TSE:APHA) (NYSE:APHA) performance; financials & capital range
19:52 – Horizons ETFs Management CEO Steve Hawkins is thrilled to have just launched the world’s first US marijuana index ETF. Hawkins discusses several of the US MSOs in the new index and explains the appeal of the US index.
30:20 – Macroeconomics and Cannabis Analysis with James & Ed
-Aphria (TSE:APHA) chart: very negative downward trend (since news came out); extremely oversold, possible bounce? Wait for a better candle
-James’ cannabis garden update
34:11 – Cresco Labs Inc (CNSX:CL) (OTCMKTS:CRLBF) CEO Charlie Bachtell discusses the company’s focus on branding and distribution as well as its recent acquisition of Origin House (CNSX:OH) (OTCMKTS:ORHOF) (FRA:CY4). Bachtell reveals that the company’s focus on the middle verticals of the cannabis value chain made it a perfect fit with California-based Origin House.
43:27 – Macroeconomics and Cannabis Analysis with James & Ed
-SNC Lavelin-Trudeau-Liberal Party discussion
46:18 – 420Investor founder Alan Brochstein, CFA provides a rundown of the Paradigm Capital Biosynthesis Conference. Brochstein explains that companies are attempting to create biosynthetic cannabinoids with the goal of creating a standardized, low-cost source of cannabinoids.
58:25 – Macroeconomics and Cannabis Analysis with James & Ed
-Captain Kirk impression
1:00:35 – James E Wagner Cultivation Corp (CVE:JWCA) (OTCMKTS:JWCAF) CEO Nathan Woodworth provides an update on the company’s GrowthSTORM system. Woodworth explains that the core technology is aeroponic-based, while JWC’s Dual Drop patent represents the next generation of aeroponic technology.
1:12:57 – Harvest Health & Recreation Inc (CNSX:HARV) (OTCMKTS:HRVSF) CEO Steve White discusses the implications of the Canopy Growth-Acreage deal for the Canadian and American cannabis space. He highlights that Canopy has credit a blueprint for foreign acquisition of US MSOs and emphasizes that the blueprint works for all major companies, not just Canadian LPs. White believes the deal is positive for US MSOs like Harvest because their valuations will increase. White provides an update on Harvest’s brand offerings and recent news.
1:23:11 – Macroeconomics and Cannabis Analysis with James & Ed
-ML index review: bit of a down week, despite many sector macro catalysts
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