The Morning Blunt
Volume 2| Issue 24
October 24, 2018
“Failure is the condiment that gives success its flavor.“
Top cannabis stocks fell more than 20% in five trading sessions. By way of measurement cannabis stocks could resemble bear market. Some of the largest declines were from the most favored stocks by speculators. Check out why analysts are warning investors in the cannabis sector.
According to Veritas analyst Stuart Rolfe offers his perspective after the recent cannabis declines, saying it would take two Canadas to justify valuations. Rolfe has a sell rating on four major Canadian cannabis firms.
Aurora Cannabis entered the New York Stock Exchange Tuesday at a declining moment in cannabis stocks driven by a mass selloff. Aurora fell to 15% but recovered slightly settling at 12% at the end of the day. Pot stocks have been steadily falling for the last six trading sessions. Check out how other stocks fared on Tuesday.
In the cannabis market there are two types of stocks to consider, recreational and medicinal. The shrinking medical market in conjunction with the growing recreational markets emphasizes the importance to know how to evaluate these markets carefully. While the medical industry will develop similarly to the pharmaceutical industry, recreational cannabis will resemble tobacco and alcohol industries.
New Zealand is facing a synthetic cannabis problem raking havoc across the country leaving 45 bodies in its wake. With enhanced potency from black market suppliers, neighborhoods are being consumed by the drug.
A committee in Ecuador approved a comprehensive health reform policy that has potential to lead to legal cannabis production for medical patients. The measure must face another round of scrutiny under full assembly before passing.
Long story short: don’t mess with Texas. THC infused cannabis edibles are a much steeper charge than some may realize, in the category of heroin and crack cocaine, and those crossing the Texas border are under heavy scrutiny.
High Hampton, a California vertically integrated medical cannabis firm has just submitted a letter of intent to acquire licensed California cannabis manufacturing company Mojave Jane LLC.
Holding licenses to 67 retail locations and 14 cultivation and production facilities, MedMen just acquired Victorya’s Medical Supplies aka Buddy Cannabis in San Jose California. The all cash deal is expected to close within 90 days however the amount will remain undisclosed.
There is a growing dispute among researchers and cannabis entrepreneurs that cannabis terpene profiles may have medicinal effects we are unaware of. Here are a list of terpenes and what researchers have uncovered.
Urban-gro Inc presented its Soleil Environmental Control Systems in Anaheim at the 2018 California Cannabis Business Conference. This plug-and-play system monitors lighting, nutrient and water levels and environmental controls through a touchscreen pad.