Market Update: COVID risk is growing rapidly but Cannabis is looking good

- Broader market remains buoyed by Fed Support but valuations are stretched

- COVID is accelerating across US and is a massive threat with exponential growth

- Lack of political will to close down economy again; somehow wearing a mask has become a political issue

- Relation to cannabis: do you look at the stats or listen to the pundits?

Cannabis

- Has performed very well in pandemic; strong sales; essential status

- Cannabis is perfect for a COVID / isolated world

- Long term: accelerates opportunity for legalization and reforms

- RISK: stimulus still flowing, things can slide backwards (Ontario pulling back delivery and curbside)

o Nevada can be soft ;  But updates from AYR Q2 are encouraging

o Many lower quality companies on the edge

- Diving deeper into AYR Strategies (CSE: AYR)

- Sentiment: Investors are upset and can easily dump despite good results (eg. LHS)

- Separation of winners and losers but many retail investors don’t really care (gamble vs investing)