Home / Commentary

Category: Commentary

Warning Signs Flashing for Downward Valuation of Canadian Cannabis Stocks

The last time the Investment Industry Regulatory Organization of Canada (IIROC) intervened in the trading of Canadian publicly traded cannabis companies was in November 2016. Canopy Growth Corp, the first, biggest, and most valuable ACMPR-licensed grower had popped to over $17 a share on no news, and IIROC halted trading to “to ensure a fair and orderly market.” IIROC halted stocks multiple times that day, with trading resuming on an average of about 10 minutes later in all cases. What […]

VIDEO: AlphaNorth Asset Management CEO Steven Palmer on What Companies to Invest In

AlphaNorth Asset Management CEO Steven Palmer sat down with James to talk about what companies the Toronto-based investment manager has invested in, including in the blockchain, AI, lithium, gold, and cannabis sectors. TRANSCRIPT: James West:     Steve, thanks for joining us today. Steve Palmer:     Thanks for having me. James West:     Steve, in your role as a fund manager, I’m curious as to how you view the Blockchain phenomenon generally and cryptocurrency specifically? Steve Palmer:     There’s a lot of opportunities in both. […]

New Cannabis Ventures and 420Investor CFA Alan Brockstein joins to talk about the emerging opportunities in the Cannabis space, and how investors need to watch out as the darker underbelly of capital markets are attracted to the rich valuations currently being experienced in certain issuers.
Flawed Bill C-45 Could Defeat Canadian Cannabis Legislation’s Good Intentions

Within the text of Bill C-45 The Cannabis Act are sown the seeds for the program’s potential failure. The Liberal Government has limited time to change course and avoid both a price war and a flood of constitutional challenges. The legislation is built on what superficially could be interpreted as contradictory targeted outcomes, and faulty assumptions. The summary of Bill C-45’s first reading states “The objectives of the Act are to prevent young persons from accessing cannabis, to protect public health and public safety by […]

Dow 22,000: The Delusion Continues

With self-congratulatory accolades flowing effusively from within America starting at the top with Donald Trump, it behooves the objective market participant to recall the reasons that have caused the Dow’s meteroic rise to 22,000 points since the financial crisis broke in the first place. Talking heads ala Bloomberg and CNBC point to earnings and the incredible growth in market cap of companies like Apple, Google, and Amazon, but without recognizing that the financial performance has been purchased with a debt […]

Cannabis Wheaton, MedReleaf Corp., Aurora Cannabis Lead Sector Lower

Cannabis Wheaton Income Corporation (CVE:CBW) (OTCMKTS:KWFLF) (FRA:3KF) is getting hammered today, as is MedReleaf on the first day of its IPO, despite having closed a $100 million financing. Cannabis Wheaton is already underwater on their most recent proposed financing, which saw the lead syndicate bow out after internal pressure from their respective compliance departments and Mackie Research Capital Corp step in on a best-efforts basis, while Aurora Cannabis Inc.(CVE:ACB) (OTCMKTS:ACBFF)(FRA:21P) is also taking a hit thanks to the release of […]

A New Bull Market of 2017?

I cannot stress strongly enough the importance of understanding where the markets are currently technically located, with regards to different time frames and which help to guide all my trading and investing decisions. The longer that the SPX is inside a ‘consolidation pattern’ and going sideways, the bigger the ‘Break Out’. There is a very strong bullish posture on all time frames within the markets. A unique ‘Sentiment Indicator’ has now been reset from being overbought to oversold, therefore, there is huge potential […]

Is Fracking Poisoning America’s Freshwater Supply?

Hydraulic fracturing, or fracking as it’s more commonly referred to, is used to stimulate the production of oil and gas from unconventional oil and gas deposits – shales, coalbeds, and tight sands. These types of deposits need to be stimulated because they have a lower permeability than conventional reservoirs and require the additional stimulation for production. Hydraulic fracturing involves drilling a well then injecting it with a slurry of water, chemical additives and proppants. Wells are drilled and lined with […]

Donald Trump and the Destruction of American Credibility

It comes as no surprise to anyone outside of the United States that leaders of nations allied with the U.S. no longer see it as the leader of the free world. Worse, governments of Europe and elsewhere increasingly move to avoid having to legitimize the dubiously elected president by interacting with him in any way. Canada, for example, has made no effort to solidify its proferred invitation to come to Canada. At the recent G7 summit, the boorish Trump’s elbowing […]

Credit Downgrades May Prompt Market Capital Shift

Recent news regarding Moody’s credit downgrades in China will likely continue to roil the global markets and present multiple unique opportunities for strategic investors.  As debt concerns grow throughout some areas of Asia and new US policy efforts shake up some common perceptions, a shift in capital is likely to occur over the next few months. Today, I read about massive layoffs in India’s technology sector as a reaction to decreasing engagement of foreign IT services/support is a result of […]

Cannabis stocks fail to “surge” on Recreational Marijuana legalization news

Cronos Group Inc. (CVE:MJN) shares tacked on a 13.4 percent gain in active trading yesterday, with just over 1 million shares trading hands, while Canopy Growth Corp (TSE:WEED) rose by 11.1 percent to close at $10.98 a share on. volume of 5.7 mission shares and Aphria Inc. (TSE:APH) added $0.08 to close the day at $6.35 on volume of 1.9 million shares. On Sunday, the Canadian government issued a statement through its official news agency, the CBC, indicating that an announcement will […]

Free Newsletter,
Priceless Content.

Get more of Midas Letter delivered right to your inbox.

Special Offer

Sign-up today and receive free and immediate access to three recently published special reports!

Free Newsletter,
Priceless Content.

Get more of Midas Letter delivered right to your inbox.

Special Offer

Sign-up today and receive free and immediate access to three recently published special reports!