MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) (“MedMen” or the “Company”), is pleased to announce that it has signed a binding term sheet for a senior secured convertible credit facility of up to US$250,000,000 (the “Facility”) from funds managed by Gotham Green Partners (“GGP” or the “Investor”), an investor in the global cannabis industry. Management believes this is the largest investment to date by a single investor in a publicly traded cannabis company with U.S. operations.
The South American cannabis industry is set to grow into one of the largest cannabis markets in the world in the next 10 years.
According to The LATAM Cannabis Report™ from well-respected market research firm Prohibition Partners, medical cannabis sales in Latin America will explode to $8.5 billion in the next ten years, up from just $125 million in 2018.Continue reading “Colombian Cannabis Leader up 90% in 4 Weeks and Just Getting Started”
We often find that protracted and narrowing lateral consolidations within the context of longer-term upward trends offer some of the most interesting opportunities, and KushCo Holdings Inc (OTCMKTS:KSHB) appears to be a strong case in point at the moment. To help flesh the matter out, the company just announced it has signed a long-term development and distribution agreement with IEKO Corporation, for the production of compostable and biodegradable packaging products for use in the cannabis and CBD industries. Continue reading “Is the Clock Ticking on a KushCo Holdings Inc (OTCMKTS:KSHB) Breakout?”
Billionaire investor Nelson Peltz is joining Aurora Cannabis Inc. as a strategic adviser and is receiving stock options that could make him the pot firm’s second-largest shareholder.
Peltz, whose New York-based Trian Fund Management LP has more than $10 billion under management, will advise Aurora on potential partnerships, the company said in a statement Wednesday. Aurora’s shares gained 8.5 percent to C$11.54 as of 10:43 a.m. in Toronto. Continue reading “Billionaire Nelson Peltz Joins Aurora Cannabis as Strategic Adviser”
Alaska is associated with many good things: cold-weather cruises, salmon bakes, a 1996 feel-good movie starring Pete from Mad Men and a baby polar bear, TK. And now, we can add one more entry to the list: on Tuesday, Alaska Lt. Gov. Kevin Myers signed new legislation making the state the first to allow on-site consumption at licensed dispensaries. In layman’s terms, if you happen to be passing through the state and you’re over 21, it’s soon going to be totally cool to head into a store, buy a joint, and smoke up on-site. Continue reading “Alaska Approves On-Site Marijuana Use”
New Jersey is on the fast track to legalizing recreational cannabis – and once again this is creating another great investment opportunity. I see four exciting cannabis companies that are ready to capitalize.
New Jersey gave the US cannabis industry a big jolt yesterday after New Jersey Governor, Phil Murphy, and state legislators announced they had agreed on legislation that would legalize recreational cannabis. Continue reading “NJ Ready to Legalize – 4 Cannabis Stocks to Watch”
The Oregon Liquor Control Commission at the end of January issued a study claiming there’s enough marijuana to supply the state’s recreational market for 6.5 years.
The “2019 Recreational Marijuana Supply and Demand Legislative Report” stated the finding was in theory and stems from over-production.
Brandon Krenzler and Erin Purchase argued just how theoretical the finding is. They own and operate Kind Leaf, one of the three retail marijuana stores in Pendleton, and employ about 30 people. They said the market is far from collapsing, and much of the surplus is stuff that will not sell. Continue reading “Oregon’s Marijuana Surplus Not Gloom and Doom of Booming Market”
There continues to be a substantial push toward the legalization of marijuana in the United States. Across demographic groups, all but one generation of Americans support the legalization of cannabis, according to a Quinnipiac poll released Wednesday.
The only group not ready to let everyone legally light up? Adults over 65 years of age. Only 44% of that age group said they would support legalization, while 49% were against it. “The baby boomers say no to the drug that helped define an era, while the millennials say bring it on,” noted Tim Malloy, the assistant director of the Quinnipiac University Poll. Indeed, 85% of voters ages 18 to 34 years old said they were in favor of legalized weed, and among older millennials and Gen X voters surveyed, ages 35 to 49, 63% were also in favor of legal pot. Continue reading “Make Marijuana Legal? Gen X, Millennials, and Generation Z Say Yes. Most Boomers? Nope”
There has been a flurry of US and Canadian cannabis companies going public this year.
Many traders, including our Cannabis Stock Trades members, are closely following these up-and-coming companies and optimizing their portfolios for opportunities with massive growth.
Remember, not all IPOs are created equal. Just because a company can get listed on a major exchange doesn’t mean its share price will thrive.
I’m going to share five of my favorite recent Initial Public Offerings (IPOs) in the cannabis sector.
I believe that these are strong companies with great long-term potential. My Cannabis Stock Trade members receive detailed research reports on these stocks and access to a model cannabis portfolio that has gained 100% since its inception in January of 2017.
Dixie Brands Inc. (CSE:DIXI, OTC:DXBRF)
Headquarters: Denver, CO
IPO Date: 11/29/18
Market Cap: 107.3M
Avg. Daily Volume: 373, 539
Dixie Brands Inc. is an early leader in the high-growth cannabis edibles market, with one of the best edible product portfolios in the business. Despite its great potential, Dixie looks undervalued compared to many other companies in the cannabis sector. Long-term, I see big things happening for Dixie with the cannabis edibles market expected to see big sales growth in the next few years.
Cresco Labs, Inc. (CSE:CL, OTC:CRLBF)
Headquarters: Chicago, IL
IPO Date: 12/03/18
Market Cap: 269M
Avg. Daily Volume: 153,008
Cresco is a multi-state, vertically integrated cannabis company that is a direct play on Illinois’s plan to legalize recreational cannabis in 2019. Cresco owns an impressive portfolio of cannabis cultivation facilities, cannabis dispensaries, and branded cannabis products. Shares have been surging since going public in early December, hitting a series of new all-time highs. Despite the quick start, I still see tons of potential. If Illinois officially legalizes recreational cannabis, Cresco is in position to ride the wave.
Harvest Health & Recreation, Inc. (CSE:HARV, OTC:HTHHF)
Headquarters: Vancouver, Canada
IPO Date: 11/15/18
Market Cap: 645.2M
Avg. Daily Volume: 451,995
Harvest Health & Recreation Inc. is another multi-state, vertically integrated cannabis company. Harvest has a large and early presence in some of the largest and fastest growing cannabis markets in the US, including California, Arizona, and Massachusetts. Harvest Health & Rec. has more than 350 employees and an executive team comprised of finance, compliance, and real estate leaders.
MJardin Group, Inc. (CSE:MJAR, OTC:MJARF)
Headquarters: Denver, CO
IPO Date: 11/15/18
Market Cap: 378.5M
Avg. Daily Volume: 73,890
MJardin provides comprehensive management solutions for the cannabis sector. With 36 cultivation, processing, and retail facilities under management, MJardin offers turnkey cultivation, processing, and retail solutions including licensure support, facility design, equipment leasing, personnel management, and more.
Shares have been a bit weak since hitting the Canadian Securities Exchange last fall, however, this is one to keep your eye on. This company has a unique business model and federal policy changes could set this stock in motion.
Acreage Holdings (CSE:ACRG, OTC:ACRGF)
Headquarters: New York, NY
IPO Date: 11/15/18
Market Cap: 2.02B
Avg. Daily Volume: 121,951
Acreage is also another multi-state, vertically integrated cannabis company. It owns one of the largest portfolios of cannabis cultivation centers and cannabis dispensaries in the industry. Acreage has some of the best political connections in the cannabis industry – former US Speaker of the House, John Boehner, and former Canadian Prime Minister, Stephen Harper, both serve on the board.
These five stocks rank among the most compelling new cannabis stock IPOs in the last six months. Some shares are flourishing while others have yet to catch on.
Either way – to succeed in the cannabis sector – timing is everything.
I tell members of Cannabis Stock Trades exactly when I’m entering, adding to, or selling off a stock in our model portfolio. It takes research and insight to know when a stock is mature and ready to make a substantial move.
Again, IPOs are exciting (especially those in the cannabis industry) – but hitting the street is just the beginning, it’s what you do with them after that matters!
Editor, Cannabis Stock Trades
About the Author & Cannabis Stock Trades
Michael Vodicka is a globally syndicated equity analyst with more than 20 years of experience in trading and investing. His research has been featured in some of the industry’s most respected publications.
He has been investing and leading investors in the cannabis sector since 2013.
Illinois continues to advance towards its goal to legalize recreational cannabis in 2019.
JB Pritzker, a major advocate of legalization, is leading the big push toward legalization. It was a staple of his campaign and now that he’s in office, Pritzker says his goal is to legalize recreational cannabis as quickly as possible.
Legislators have been busy working on a bill to move legalization down the pipeline, and it sounds like they are making a lot of progress. Continue reading “The #1 Stock to Play Illinois Going Legal”