We saw Charlotte’s Web hit the market this week, CannTrust I guess late last month, so there are a lot of these, and I think it pays for investors to pay attention to who has the shelves, because these companies are able to raise capital quickly. There’s another trend right now that’s front of mind for me, and that’s all these shelf registrations that are open. In your view, how much does that drive actual investing?Īlan Brochstein: Well, I think these things are important to watch. So, we’ve, at first it was funded capacity, and now there’s a bunch of talk about MSOs, multi-state operators, and extraction is becoming much more of a focal point right now. I just want to kick things off by maybe talking about trends that happen within the investing space. Alan, how is it going?Īlan Brochstein: It’s going great, good to be here.įraser Thoms: Well, great. Transcript:įraser Thoms: Joining us now is Alan Brochstein of New Cannabis Ventures. He believes that retailers are currently undervalued, and highlights Alcanna Inc’s (TSE:CLIQ) (OTCMKTS:LQSIF)Nova Cannabis-branded store, which opened in Toronto in April. On the flip side, he observes that TILT Holdings Inc (CNSX:TILT) (OTCMKTS:SVVTF) (FRA:0T01) has impressive revenue numbers but complicated narratives continue to bog down the company’s valuation. He notes that Cronos Group Inc’s (TSE:CRON) (NASDAQ:CRON) (FRA:7CI) revenue is far below its valuation and merits additional scrutiny. Brochstein cautions investors to be mindful of large discrepancies between a company’s revenue and valuation. He addresses the importance of tracking revenue, but stresses it is not the only valuable metric when evaluating cannabis companies. He suggests that by offering shares below market price, the company mishandled its financing.
Brochstein is critical of CannTrust Holdings Inc’s (TSE:TRST) (NYSE:CTST) (FRA:C9S) recent public offering. He notes that there has been an increase in shelf registrations, most recently by Charlotte’s Web Holdings Inc (CNSX:CWEB) (OTCMKTS:CWBHF). 420Investor and New Cannabis Ventures Founder Alan Brochstein discusses recent trends in the cannabis space.
0 kommentar(er)
