Rescheduling Reaction and Earnings Review With CannaVestments

Nick Gastevich, known as CannaVestments online, joined us this week. He is one of the most experienced cannabis investors  and manages a family office that is active in the space.  We discussed cannabis stock’s adverse reaction to the positive momentum on rescheduling and debated time frames for a final ruling. The heart of the conversation centers on first-quarter earnings, and we evaluated top-line growth and EBITDA conversion and analyzed cash flow metrics. The conversation concludes with an evaluation of different factors investors can use when analyzing cannabis stocks.