Navigating Choppy Waters - Market Update - Oct/2/2019
In this Market Update we discuss how we are right in the middle of a perfect storm of negativity and uncertainty:
- How we got here (CannTrust > Recession Fears > Canopy Earnings > Vapegate)
- Why the Vape Issue is really a Black Market Problem
- How Vaping should be solved and the unfortunate knee jerk reaction
- Emergency Financing: Why Prices Dropped 20-30% in the last week
- KushCo (KSHB) Raises $30M USD at a steep discount
- Ianthus (IAN) Raises $20M USD from Gotham Green on a 13% convertible note
- What happened to Harvest's (HARV) $225M USD Debt Financing? (Torian Capital deal explained)
- Data: How much have Vape Sales declined? Less than you might think...
- How much of this is priced in already? Is this Sentiment or True Risk?
- Closing: What Stocks Manish Sold and Why
- Selling: Medmen/CVSI/IAN/HARV/KHSB
- Booking Tax Loss consideration ahead of others (risks and reward of this)
- What to look for Going Forward (important of cash and cash flow)