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
-markets a little bit off
-Valens GroWorks (CNSX:VGW) chart
-S&P chart: big overhead resistance; next move down? new month factor?
6:12 – Midas Letter News
-Harvest One (CVE:HVT) reported financials
-Hill Street Beverage Company (CVE:BEER) released 6 month financials
-SOL Global (CNSX:SOL) financials
-CB2 Insights completed reversed takeover
-The Flowr Corp (CVE:FLWR) hires Chef Reed for edibles
-Village Farms international (TSE:VFF) JV Village Fields Hemp
-James E Wagner Cultivation (CVE:JWCA) available in the US (OTCMKTS:JWCF)
9:08 – Macroeconomics and Cannabis Analysis with James & Ed
-JWC chart: formed level of support; creating new upper resistance
14:30 – The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) (FRA:01GA) CEO Brian Athaide shares details of the company’s 2019 Canadian plans. TGOD plans to offer medical cannabis in Canada this quarter and will be operating in the Canadian recreational space by the end of the year.
25:55 – Video – Stigma: is there still a stigma about smoking cannabis? Sean Cookson investigates.
30:43 – Macroeconomics and Cannabis Analysis with James & Ed
-smoking in public
-quiet day; gold down day going into PDAC
-Amex taking it on the chin last few days
-ML index large cap: Aurora down; TGOD up 8%; CannTrust up 3%; MedMen didn’t really recover
-TSX chart: market movers
-Aurora; Village Farms (VFF) up to $15; huge run
-very little going on in the cannabis space until you get to the CSE; things leveling out
41:49 – Tetra Bio-Pharma Inc (CVE:TBP) (OTCMKTS:TBPMF) (FRA:JAM1) CEO Guy Chamberland discusses the company’s hemp protein drinks. Currently, Tetra Bio-Pharma is producing hemp-based drinks without CBD that have been approved by Health Canada.
51:39 – Macroeconomics and Cannabis Analysis with James & Ed
-Tetra Bio-Pharma chart:
-Tetra Bio-Pharma stock dropped when announced PP01 had impurities
-Which cannabis names have surprised: Heritage Cannabis; JUJU was a disappointment; Khiron’s run,
-SOL Global reporting: issues with selling assets for stock
-“Goodwill and other nothings”
-Worldwide Extracts coming to trade next week
-best gainers on the Ventures today: very sideways; TrueLeaf 50% move
-Valens GroWorks (VGW) chart: on fire lately; bucking the trend; going through the last resistance?
1:08:01 – CB1 Capital Management CIO Todd Harrison talks about what makes 1933 Industries Inc (CNSX:TGIF) (OTCMKTS:TGIFF) an important investment for CB1 Capital. Harrison discusses what he thinks the big stories will be in the cannabis space in 2019, including the possibility of banking reform in the United States. Harrison comments on the current acquisition growth strategy employed by many MSOs.
1:18:03 – Macroeconomics and Cannabis Analysis with James & Ed
-Todd has a great approach
-Namaste (CVE:N): is Namaste done (audience question)? Gotta give new management chance to put together a strategy
-comparisons to dot-com bubble
-macro pattern: in cannabis space last 3 years; very strong first quarter; Q2 take money off the table; no catalysts in the summer; September lead in huge boom
-3 year chart of Canopy Growth (TSE:WEED)
Next Week: Howard Glassman and Ben Smith as guest hosts; C21 Investments, BLOCKStrain, Cannabis Growth Opportunity, CB2 Insights, Goldplay Eploration, Nighthawk Gold Corp, PDAC week coverage
1:30:22 – Bloopers
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