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Midas Letter RAW 108: Charting Man Dan, ETFMG Alternative Harvest ETF, Faircourt Asset Management

2,327 views · Published 22 November 2018 · 1:31:23 · Indexed 28 September 2026

Channel: Midas Letter · 2018 · News & Politics

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Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. James West and Ed Milewski provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business.

0:00 - Macroeconomics and Cannabis Analysis with James & Ed
-Today’s show: Charting Man Dan, Jason Wilson from Alternative Harvest ETF, biggest ETF in the World (MJ), Charles Taerk
-ML indexes: large cap: down 2%; small cap down 0.44%; Venture index 1.33%; all slightly down
-Province Brands: licensing hemp brewing tech to lots of micro breweries
-Wayland Group up to $1.45, up 9%
-Origin House (OH) starting to trend in right direction
-Green Brands (GGB)

10:14 - Charting Man Dan McDermitt of The Chart Guys provides technical analysis and insight on the correlation between cannabis stock prices and the S&P 500. McDermitt also walks viewers through technical analysis of a pair of cannabis charts.

22:55 - Macroeconomics and Cannabis Analysis with James & Ed
- Ed: Dan's position is very defensive; all cash
Q: thoughts on crypto space with recent losses A: cryptocurrency as a value proposition is defective
-Tether fraudulently drove price of crypto to 20,000 last winter; Bitcoin bubble bust
-Q: Ascent Industry fiasco, comment? A: other companies who have gone through this have survived

34:34 - ETFMG Alternative Harvest ETF (NYSE:MJ) is the largest marijuana ETF and the only marijuana ETF operating in the US. Partner Jason Wilson explains some of the advantages of the ETF for retail investors, including increased tax efficiency and exposure to the whole cannabis sector.

44:42 - Macroeconomics and Cannabis Analysis with James & Ed
Q: Why down on JUJU? A: we don't tell people what to buy; explains his position and why selling JUJU now
-WeedMD chart: like Keith Merker; company has had a hard time capturing the wave; technically speaking, if it breaks $1.30 might not want to stick around; right now its $1.40 and might break down; financials reported on Monday
-Q: what's gold's value from? A: gold's intrinsic value is because of its scarcity, difficult to extract, extremely malleable, stood the test of time
-Q: What do you think of Shopify for the MJ side of things? A: hesitant to associate with cannabis until US legalization
-Q: Next big catalyst for sector? A: biggest one out there is US de-prohibition; what if EU legalizes medical and rec?
-Q: Any CDN natural gas plays? PONY (TSE)? A: Ed: heard good things, natural gas has gone on a run

1:04:22 - Faircourt Asset Management and Ninepoint UIT Alternative Health Fund CEO Charles Taerk addresses the global market sell-off in October and recent financial statement releases by leading cannabis companies.

1:16:45 - Macroeconomics and Cannabis Analysis with James & Ed
-Q: HUGE, buying it? A: Nope
-Wayland one of the top performers today; bucking the trend down; crossing milestones off lists on the operational side; importance of EU GMP
-Wayland chart: something's changed; one of the best moves; past middle line of Bollinger Bands; increasing volume; mini breakout 
-Emblem trade up 4.8%; CGOC big winner

1:26:18 - Cannabis News
-Origin House (OH) deal with Henry's Original markets handcrafted products, like pre-rolls
-Canopy Rivers (RIV) will provided up to $40M CAD to PharmHouse to secure debt financing
-Canopy Rivers (RIV) portfolio holding in LiveWell closes non-brokered private placement
-Cannex Capital Holdings (CNSX:CNNX) announced USED $32M investment in Gotham Green Partners
-Nutritional High (CNSX:EAT) announced purchase of 51% interest in JMED's
-Wahupta subscribed for $350,000 at $0.18 by Naturally High (CVE:NSP)

Tomorrow’s show: John Fowler, Supreme; roadside testing, & cannabis fashion

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