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The game for Canadian cannabis producers will change forever this morning when, somewhere in some eastern Canadian province like Newfoundland or Prince Edward Island, someone purchases the first federally legal, adult-use cannabis product in any G7 economy.
That sale of maybe a single gram of cannabis this morning will change the world over time. But it will alter the course of Canadian business instantly. At that moment, the Canadian market size grows by up to ten times.
The cannabis market restarts today - all the potential, all the gains - it's all squarely ahead of us right now.
That's ultimately going to reflect across "Big Weed's" bottom lines, and as one who stresses the importance of financials, I couldn't be happier.
Just look at what's happened already, in the run-up to legalization. Aurora Cannabis Co. (OTC: ACBFF) recently reported its results for the quarter ending June 30; most other companies did so in August. Just about all of them showed increasing revenue, fatter gross margins, higher patient counts, and a focus on higher value-added products.
That's impressive growth, and like I said, today... we restart the clock on all of it.
So let me show you what we can expect from the first "post-legalization" stream of Canadian cannabis earnings reports.
After all, that's where we can find some great, actionable "buy" signals.
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.