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Sometimes a company just can’t seem to get it together due to a number of reasons.
And that’s a shame because some of these companies possess the infrastructure and expertise that, with the right leadership, could transform them into a gold mine, or a “turnaround.”
And now that we’re finally nearing the end of cannabis prohibition in the United States, there are a lot of promising changes underway at a few companies.
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Our Greg Miller’s bringing you the latest update on Canopy Growth following CEO Bruce Linton’s firing last week.
Not only is a shakeup in management common in startup companies, but it’s actually welcome so that the firm can reach its next level of success.
In fact, Greg’s going to show you three ways you can reap the most profits from this stock that you’ll want to keep in your portfolio for a long time…
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When it comes to being successful in business or investing, one simple trick is following the example of successful CEOs.
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Early last month I wrote about how Illinois is primed to become the "Marijuana Mecca of the Midwest," and it seems that we're not the only ones who know about it.
Now that shareholders have approved the landmark agreement for Acreage Holdings Inc. to be acquired by Canadian giant Canopy Growth Corp., Acreage is on the move.
After the deal closed on Thursday, Acreage CEO Kevin Murphy gave an interview at the Players Technology Summit in San Francisco in which he hinted at a number of "head-turner" acquisitions that the company has in the works.
While he was careful not to spill any specifics, he did make one thing clear.
Illinois, which last month became the first state to approve the sale of adult-use cannabis through legislation, will feature prominently in Acreage's plans. When asked about the coming market, Murphy said: "We have designs on going very deep and very broad in that state."
It will be especially interesting to see whether the company makes any moves to benefit from the potential for districts to opt in on "social consumption lounges" – something we thought might happen in Las Vegas, but it will be much more likely in Illinois.
However, when Acreage tries to enter "The Land of Lincoln," it's going to encounter a buzz saw.
We're tracking a couple companies in our portfolios who are already in the state, and they're going to give Acreage more than a hard time.
Let's take a look at some of the companies Acreage is going up against...
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It’s been a long time coming, but the once-powerful voices that demonized and prohibited marijuana are starting to look more like the fringe, on the wrong side of history.
Research and experience are revealing that this little plant boasts an impressively long list of benefits that go beyond just equities and wealth.
Even though that’s a big part of it, there’s so much more to the “Devil’s Lettuce”…
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Capital is flooding into the U.S. marijuana industry.
In 2019, more than $7 billion has been invested in both public and private companies. That's nearly twice the amount at this time last year.
More impressively, U.S. cannabis companies have managed to raise this tidy sum at a significant disadvantage, with their hands essentially tied behind their backs.
Just imagine what they might do on a playing field level with other companies in, say, semiconductors or financials…
Faced with that prospect, estimates and projections like "the U.S. marijuana market could be worth $77 billion by 2022" start to look almost ridiculously conservative.
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Regular investors can get frozen out of hot tech IPOs… but those could be risky disasters like Uber, anyway.
Marijuana IPOs, on the other hand, offer an incredible opportunity for everyday people to get rich – at least 239 people have hit millionaire status with cannabis stocks.
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Americans love their four-legged friends.
If you're inclined, you can treat your pet to an impressive array of goods and services: spa beauty treatments, gourmet and organic foods and treats, top-flight veterinary care (privately insured, of course), designer pet clothing – the only limit is the depth of your pocket.
As you can imagine, that doting approach to pet ownership is very lucrative for the companies on the supply side.
Americans will spend an estimated $75.3 billion on their pets this year alone. PetSmart Inc. boasts a market cap north of $8 billion. There are not one but two "pet sector" exchange-traded funds available to buy, tracking a deep roster of publicly traded pet companies and service providers.
And now, Fido and Mittens can enjoy a regular regimen of CBD, with all the benefits that entails.
Cannabis companies with the vision and foresight to cash in on this trend are rushing to cater to it.
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Building a dynamite cannabis stock portfolio means getting exposure to quality companies like the ones we talk about all the time. But there are many under-the-radar “backdoors” to cannabis investing that often go overlooked by investors and the media.
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Stocks are caught up in a storm of fear right now, although that may be abating somewhat. But plenty of otherwise great companies with little to nothing to do with the trade wars are getting caught up in the selling.
Pot stocks are a great example. The truth is cannabis companies aren't really exposed to global trade conflicts, but they've been sliding along with most other shares.
Nevertheless, even knowing the facts – that the marijuana firms we're buying are fundamentally sound – I know times like these make it difficult to hang tough and be patient.
After all, as the events of this week prove, things are unfolding in the cannabis market exactly as they should…
… particularly on the legalization front.
The announcement that Illinois – the sixth most populous state in the Union – has taken cannabis fully legal should come as no surprise to us. But it's still a huge development for the cause of legalization – and, for our purposes here, the quality cannabis stocks we own.
Let me tell you what it's all about...
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