EPISODE · Oct 12, 2019 · 33 MIN
The Pain Continues - Market Update - Oct/12/2019
from Cannabis Investing Network · host CIN Podcast
We are at a critical juncture in Cannabis: - There is a structural shift to evaluating companies on fundamentals and cash burn - Bad News: Medmen and Pharmacann cancel proposed merger - Who got a better deal? And Medmen's CFO getting fired - How this might impact Origin House / Cresco Labs - More Bad News: HEXO misses revenue and CFO gets fired (note the pattern) - HEXO drops hard in price - is it valued fairly? - Even More Bad News: Village Farms raises $25M at half the value from a few months ago - How we should have seen this coming - What this says about the market and about VFF (good and bad) - Good News! Mitch McConnell (senate leader) visits California and meets with Cannabis companies - This bodes well for the SAFE Banking Act vote (but still uncertain) - Good News: MediPharm Labs gets an increased bank facility at reasonable rates
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The Pain Continues - Market Update - Oct/12/2019
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