In this episode we explore 4 common overhangs which can weigh on Cannabis Stocks. Most of these things are unique to small cap and venture investing.

- Overhang: Factor which negatively impacts a stock (typically short to medium term)

- How this helps answer "Is This the Right Time to Buy"?

1. Cap Table / Share Structure

- Understanding the importance of the cap table

- Why previous rounds of financing matter and the "Game Theory" involved

- How warrants and cheap paper can drag on a stock

2. Share Unlocks

- Unlocks can create a huge overhang, real or perceived

- How Mergers & Acquisitions create large unlocks

- Resource for US MSO unlocks: https://www.statesidecannabisinvestors.com/calendar

3. Timing

- Examining two low volume seasons: Summer & Tax-Loss Period

- Debating if timing matters for fundamental investors

4. Capital Raises 

- Why capital raises drop the share price

- Why capital raising is actually not a bad thing in the long-run

- What to look out for (straight equity vs debt vs warrant coverage)

- How to Predict a Future Capital Raise

**Note: Episode was recorded prior to MedMen/Pharmacann being called off (but the concept still applies)