In a follow up to last week's bleak outlook on the industry we discuss thoughts on valuing the cannabis industry. 

Some key topics discussed:

1. Fundamentals - how the headwinds of price compression make it difficult to value companies

2. Macro Factors - we are still negative but hearing some interesting mixed signals

- Video Mentioned: Eric Johnston of Cantor on CNBC

3. Federal Legislative - the difficult of predicting SAFE+

- Video Mentioned: Cory Booker on SAFE Banking

In this episode we dig deep into the fundamentals and narrative surrounding the industry, analyzing the past and making some somber predictions for the future.

We break our discussion into several parts:

1. History - how we got here and what we learned

2. The Transitional Phase we are currently in

3. Looking Forward - how we see the industry progressing from here

We look at cannabis fundamentals in relation to capital availability, macro conditions and supply side considerations.

We are back! In this post-summer episode we discuss a topic that's often missing in investing discussions - when to sell your stocks. We discuss a recent loss and how it influenced thinking about cutting your losses. We view this topic through the lens of Macro, Sector and Company analysis. Thanks to Sayshu for joining us for a great conversation.

Follow Sayshu on Twitter - https://twitter.com/sayshu_mm

We're back! In this market update we cover a wide variety of topics including:

- Broader Market Rally (or headfake?) (Recession meme link)

- Consumer Spending & Inflation

- Short term market strategy

- Cannabis Q2 earnings

- SAFE Banking and Political Winds shifting

- Brittney Griner and Biden's Hypocrisy 

- Florida Rec 2024 Campaign

We're back with a double stacked episode! Our good friend Nick Gastevich joins us for the Q4 2021 + Q1 2022 quarterly review of all the big 5 MSOs.

We discuss the overall cannabis market then dive into quarterly results plus strengths of weaknesses of each company and analysis of which is the most attractive at today's prices.

We also discuss how well positioned each of these companies is for the current phase of our industry and where we see them going in the future.

Thanks to Nick for another great and extensive review

Connect with Nick:

Twitter - https://twitter.com/CannaVestments

LinkedIn - https://www.linkedin.com/in/nicholas-gastevich-75841346/

Family Office Website - https://www.vginvests.com/ 

In this episode the boys are back to discuss the macro picture, interest rates, inflation and the importance of recalibrating expectations. We discuss strategy, outlook and why we think cannabis is actually looking pretty good in comparison to other parts of the market.

In this episode we are joined by Kim Rivers who is CEO, Founder and Chair of Trulieve Cannabis Corp. Kim is one of the industry's most well known and respected executives. She has deep operational knowledge and a keen eye for detail.

In this episode we discuss:

- Doubling Down in Florida since 2019: what others missed

- Customer Obsessed: How data drives high per store sales

- The importance of Scale

- Operations: What is Trulieve doing differently?

- 2 big limiting factors in Cultivation Construction

- Using automation to drive efficiency and stay flexible

- Investments in robotics to “bring the plant to the worker”

- Florida Adult Use: how big could the market be?

- Milestones to getting rec on the 2024 ballot

- Divestitures, Convertibles & Warrants…how to spot a shakeout

- M&A: How Trulieve is positioned for the future

A big thank you to Kim for joining us for a highly informative chat.

Follow Kim on Twitter: https://twitter.com/rivers_kim

Whitney Tilson is a well known value investor with a long and varied past in financial markets. He joins us to discuss markets, value investing and how he got interested in cannabis stocks.

We discuss:

- How Whitney got started in investing

- Being a Late 1990's "Bull Market Genius"

- How that Bull Run compares to Today's

- Getting religion by learning about Buffett and Value Investing

- The Ups and Downs of starting his own hedge fund 

- Market Timing: Indicators that Whitney looks for

- What attracted Whitney to the Cannabis Sector

- How the current rout in Cannabis compares to Tech in 2000

- The 3 things Whitney looks for in a winning company

Thanks to Whitney for joining us for this fun and wide ranging discussion

Sign Up for Whitney's Free Newsletter:

https://empirefinancialresearch.com/newsletters/whitney-tilson-daily

Follow Whitney on Twitter:

https://twitter.com/whitneytilson

In this episode we are joined by Frank Perullo of Ascend Wellness. Frank is a Co-Founder of AWH and currently serves as President and Chief Strategy Officer.

We Discuss:

- Frank’s Background in Regulatory Affairs

- Early Days of being a Cannabis Consultant in MA

- Working with GTI, Tilt, Ianthus, Acreage along with mom & pop operators

- Why is it so Difficult to Open a Dispensary in MA?

- Genesis: Meeting Abner and Creating Ascend

- Moving Fast: Why Ascend was able to win the Friend St Store in Boston

- IL: Buying a Distressed Cultivation Asset

- Deciding to Double Stack to be ready for Adult Use

- NJ: Doing a Deal after Everyone Had Looked at it

- Ground Game: Finding Great Retail Locations by Knocking on Doors

- How’s the New Jersey Market?

- Changing Canopy Sizing based on Projected Supply

- Entering PA via acquiring a CR license

- Second Mover Advantage

- Customers: Value vs Premium and Inflation Pressures

- Why Should Investors choose Ascend?

Thanks to Frank for joining us for this very fun and informative interview

In this episode we discuss the complexities of investing across any asset class right now.

From commercial real estate to cannabis, investors are facing tough questions about the future, especially in the context of inflation and rising interest rates.

As delve into some of the uncertainties and examine reasons why Q4 and Q1 were so tough for operators.