In this episode we’re joined by Sayshu Medicherla (@Sayshu_MM), the Founder/CIO of MM Fund.  He has extensive experience investing professionally across a variety of asset classes and strategies including public equities, venture capital, private equity, and credit. We cover two major topics today:

First, we discuss different ways to approach investing in cannabis and why it’s important to ‘know what you own’ and understand that the people you’re following throughout various media outlets may not necessarily have the same investment style as you.  Sayshu also provides his insights on how he views investing through an institutional lens and how risk comes in various forms whether it’s liquidity, valuation, narrative shifts etc. We also discuss how he thinks about valuations in both a public and private market context.

Second, we discuss the evolving brand story in US cannabis. The story so far has been one of ‘if you can grow weed, you can sell weed’ and the top operators have proven they can run profitable businesses.  However, as we look out a couple years, we look at what we feel will be the next battleground for cannabis companies, the battle of the brands.  Sayshu explains why he thinks this is a relevant topic for investors today, and how he’s trying to understand the brand strategies of the top companies.

As always, if you have any questions, please feel free to email us. If you have any questions for Sayshu please feel free to DM him on twitter @Sayshu_MM.