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AlphaNorth Asset Management President and CIO Bearish on Cannabis Space

214 views · Published 10 December 2018 · 14:20 · Indexed 29 October 2026

Channel: Midas Letter · 2018 · News & Politics

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AlphaNorth Asset Management President and CIO Steve Palmer has a bearish outlook on the cannabis space. Palmer views the cannabis sector as a bubble and compares it to the tech bubble of the late 90s. He notes that the market has been flooded with cannabis companies and retail investors looking to quickly double their investment. AlphaNorth’s fund focuses on small cap companies listed on the TSX Venture. While AlphaNorth takes a diversified approach by  investing in all sectors, the firm’s cannabis interests are in niche names with proprietary tech. Palmer has a positive outlook on where the market has settled and believes there are significant catalysts ahead for the biotech and tech spaces.

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