#48 - COVID isn't Cancelled (but Neither is Cannabis) - July 2020 Update

Market Update: COVID risk is growing rapidly but Cannabis is looking good - Broader market remains buoyed by Fed Support but valuations are stretched - COVID is accelerating across US and is a massive threat with exponential growth - Lack of political will to close down economy again; somehow wearing a mask has become a political issue - Relation to cannabis: do you look at the stats or listen to the pundits? Cannabis - Has performed very well in pandemic; strong sales; essential status - Cannabis is perfect for a COVID / isolated world - Long term: accelerates opportunity for legalization and reforms - RISK: stimulus still flowing, things can slide backwards (Ontario pulling back delivery and curbside) o Nevada can be soft ;  But updates from AYR Q2 are encouraging o Many lower quality companies on the edge - Diving deeper into AYR Strategies (CSE: AYR) - Sentiment: Investors are upset and can easily dump despite good results (eg. LHS) - Separation of winners and losers but many retail investors don’t really care (gamble vs investing)