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Midas Letter RAW 103: Province Brands, Kore Mining Ltd, Macroeconomics and Cannabis Analysis

2,403 views · Published 15 November 2018 · 1:32:19 · Indexed 26 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 News and Analysis with James & Ed
-Acreage Holdings IPO, 20+M outstanding shares; 108M future subordinate shares
-CannTrust (TSE:TRST) record revenue; taking steps to list on the NYSE; increase to more than 50,000 patients
-Acreage Holdings began trading CSE (ACRG.U); last IPO price $25; $2.5B valuation
-MJardin group began trading on the CSE; designed 100+ facilities; binding LOI to acquire Growforce
-Dixie listing on the CSE under DIXI
-Ontario regulations for private recreational cannabis stores; standalone stores only; retailers can have up to 75 stores each
-intraday chart of Acreage Holdings (ACRG.U): too much stock at too high a price
-Oct. 5 2018; Acreage sold subordinate shares for $0.05; 10 days later released for 2.3M shares for $0.06; approx 4.5M shares out at $0.05-$0.06 now at $25; sketchy; if buying their stock higher, you are their exist strategy
-white collar "creativity" (egregious): private company trading on public exchange

22:28 - Province Brands of Canada CEO Dooma Wendschuh and his team are tired of waiting for the federal legalization of cannabis-infused beverages in Canada and have launched Cambridge Bay Pilsner, a beer brewed from hemp with 7% alcohol. The Cambridge Bay beer will be produced as a part of a just announced partnership with Whitby, Ontario’s Brock Street Brewing; in addition, Province Brands has also licensed its proprietary brewing technology to Brock Street.

35:23 - Macroeconomics and Cannabis Analysis with James & Ed
-ML indexes: up 3-5.5%
-want to look at the stocks that aren't participating in the lift
-CSE Index: Leviathan Cannabis (EPIC) down 6%; continues downward trend
-CSE biggest winner: Heritage Cannabis Holdings up 25%

46:48 - Ask Me Anything (Q&A)
-Q: Should I be investing in the cannabis industry (TSE:ACB); A: if you'e got a big profit, take some money off the table
-Q: smaller cannabis companies to keep eyes on? A: Emblem (EMC), WeedMD (WMD); Khiron; 
-Q: Why are tech companies coming to Canada for $$? Why are Toronto and Ottawa punching above weight in tech sector? A: thresholds are lower here; easier, less money needed to be raised; 

1:08:31 - Kore Mining Ltd (CVE:KORE) CEO Adrian Rothwell shares details of the company’s new project sites, acquired through a recent reverse takeover. The two projects acquired in California are ready for mining to commence while the projects in British Columbia require more exploration.

1:18:33 - Macroeconomics and Cannabis Analysis with James & Ed
-oil and natural gas reversal
-natural gas dropped about 20% today
-CannTrust (TSE:TRST) at one point up 30%; 
-SPX: filled gap; positive day

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