2 Private Cannabis Investors share thoughts, analysis and opinions on the ups and downs of the rapidly changing Cannabis Investing landscape. For Investors By Investors
#120 - Q3 2021 Financial Review of the Big 5 MSOs (ft. Nick Gastevich aka CannaVestments)
2:19:46In this mega-episode our good friend Nick Gastevich joins us for the Q3 2021 quarterly review of Cresco, Curaleaf, Trulieve, Green Thumb, and Verano (in that order). We do a deep dive into profitability, cash flow, brands, valuation and how we see the strengths and weaknesses of each company. We discuss how well positioned each of these companies is for the current phase of our industry and for the future post-uplisting. Thanks to Nick for another great and extensive review Connect with Nick: Twitter - https://twitter.com/CannaVestments LinkedIn - https://www.linkedin.com/in/nicholas-gastevich-75841346/ Family Office Website - https://www.vginvests.com/
#119 - Positioning Your Cannabis Portfolio for Ups & Downs
1:02:51What a difference 2 weeks makes! In this episode we discuss a few key themes around the biggest issues we are seeing in today's market 1) Narratives vs Reality - how the divergence creates opportunity for investors 2) Nancy Mace Legalization bill - what this really means and the effect its having on the market 3) $MSOS huge cash inflows and how we expect this to impact the cannabis stock market short term 4) Strategy - ideas on position your portfolio to play the ups and downs of cannabis volatility
#118 - Cannabis Trades in an Inefficient Market (+ why that is a good thing)
59:05In this episode (which was recorded on Fri Nov 5th) we discuss the rapid sentiment shift from "Depression" to "Euphoria" and why it is an excellent real-time example of the inefficiency of the cannabis investing market. We often discuss how our market behaves irrationally but in this episode we delve into the reasons why it is that way, examples of irrational behaviour and strategies to take advantage of these swings.
#117 - Spoiled for Choice in Cannabis Investing (ft. Nick Gastevich aka CannaVestments)
1:12:53This week we are joined by fan-favourite Nick Gastevich (aka CannaVestments). Nick is an OG cannabis investor whose family office invested in GTI's first round in 2014 (and again in subsequent years). In this episode we discuss: - General negativity in the cannabis sector - Schumer, SAFE, NDAA and federal politics - Q3 financial softness in key markets of PA/FL - Other headwinds which can make the short term choppy - Positive catalysts being overlooked including potential 2022 legalization in PA/OH/MD/MO/AK - Re-allocating your portfolio to account for tax loss harvesting - Owning smaller companies vs the biggest MSOs - Strategizing for SAFE vs no-SAFE banking Thanks to Nick for a great episode as usual. Connect with Nick: LinkedIn - https://www.linkedin.com/in/nicholas-gastevich-75841346/ Twitter - https://twitter.com/CannaVestments Family Office Website - https://www.vginvests.com/
#116 - Face to Face with the Industry - Post MJ Biz Debrief
1:07:42In this (slightly late) episode we debrief a phenomenal MJ Biz conference including our takeaways, the negatives, the positives and our strategies for the coming quarters. JP October SAFE/NDAA Update - https://www.reddit.com/r/weedstocks/comments/qc4h27/understanding_washington_october_updates/
#115 - 5 Tips for Improving your Cannabis Investing Game
1:07:26In this episode we talk about how we can "sharpen our swords" and focus on improving our investing abilities. We talk about mistakes we've made (and re-made), what we've learned and some of the easiest ways to work on your cannabis IQ, investing knowledge and research capabilities in order to (hopefully) reach better outcomes.
#114 - Investing for the Future of Cannabis (ft. Sayshu of MM Fund)
1:15:17In this episode we’re joined by Sayshu Medicherla (@Sayshu_MM), the Founder/CIO of MM Fund. He has extensive experience investing professionally across a variety of asset classes and strategies including public equities, venture capital, private equity, and credit. We cover two major topics today: First, we discuss different ways to approach investing in cannabis and why it’s important to ‘know what you own’ and understand that the people you’re following throughout various media outlets may not necessarily have the same investment style as you. Sayshu also provides his insights on how he views investing through an institutional lens and how risk comes in various forms whether it’s liquidity, valuation, narrative shifts etc. We also discuss how he thinks about valuations in both a public and private market context. Second, we discuss the evolving brand story in US cannabis. The story so far has been one of ‘if you can grow weed, you can sell weed’ and the top operators have proven they can run profitable businesses. However, as we look out a couple years, we look at what we feel will be the next battleground for cannabis companies, the battle of the brands. Sayshu explains why he thinks this is a relevant topic for investors today, and how he’s trying to understand the brand strategies of the top companies. As always, if you have any questions, please feel free to email us at [email protected] . If you have any questions for Sayshu please feel free to DM him on twitter @Sayshu_MM.
#113 - A Culture of Winning (ft. George Archos, CEO of Verano Holdings)
1:11:47In this episode we are joined by George Archos who is CEO, Chairman and Co-Founder of Verano Holdings. In this interview we discuss: - Background: How George got started in the restaurant industry - What makes a restaurant successful and why its a good training ground for the cannabis industry - Verano Orgins: How the company got started by winning an IL cultivation license - Expansion Years: Building the base of assets rapidly over 3 years in MD, OH, NJ and NV - Importance of Culture: How George brought in highly motivated people from the restaurant industry to win in cannabis - 2018: Consolidation, Raising Capital and a false start in Florida - Legislative Change: Why George is focused on State level changes over Federal - The Harvest Merger: How this transformational M&A side tracked the company and hurt their footprint - First Mover Advantage: Why Verano staked its name on high quality indoor flower - Florida: Why Altmed was a great fit and why they choose to avoid participating in Florida's price war - M&A: Why Verano was so aggressive in AZ and PA to expand the footprint - Financial Performance: What happened to EBITDA margins from Q1 to Q2 and what we can expect longer term - Running Lean: Why 2008 was a key learning lesson that influence's the company to this day - The Future: Expanding the footprint, functioning like CPG - Buying vs Building Brands: Where the company is focusing its energy today Thanks to George for joining in for this in depth interview! Connect with George on Twitter: https://twitter.com/georgearchos
#112 - Embracing the Uncertainty in Cannabis Investing
1:08:21In this episode we discuss the importance of admitting "I don't know" when it comes to investing in this sector. We discuss how "I don't know" can be helpful for: - Taking a more cautious approach to building your portfolio - Federal change, the SAFE act and NDAA news - Selecting which markets are attractive - Evaluating headlines and social media - Managing your cash position - Buying individual stocks vs the MSOS ETF We also discuss having a CIN meet-up at the upcoming MJ Biz conference in October The theme of this episode was inspired by a recent episode of Howard Mark's podcast the Memo which you can listen to here: https://www.oaktreecapital.com/insights/podcasts/the-rewind-us-and-them
#111 - Bullish but Hesitant on Federal Change (ft. Jason aka CMDR1305)
1:16:12In this episode we are joined by special guest, Jason, who worked in Washington D.C. for a House Appropriations Chairman and focused on financial services and trade issues. During his career in D.C., he was an integral member of two lobbying groups that advocated for safe and fair trade issues and economic investment in American cities. He is still heavily involved in the political world and currently manages a program that focuses on developing unique financial products to support the development of infrastructure and investment in cities. Given his extensive experience on “the Hill’, Jason provides a political perspective on why he feels collective wisdom pertaining to federal cannabis reform may be misguided. He explains why he remains bullish but with hesitation and why investors should proceed with caution as they try to unravel political lingo and process. We discuss at length the process of getting different types of bills passed into law, the recent addition of SAFE into the National Defense Authorization Act (NDAA) and finally the Cannabis Administration & Opportunity Act (CAOA). Jason explains why he feels the Democrats are more likely to stick to a social justice agenda when it comes to cannabis and will not give up the capital markets issue without getting social justice measures in whatever legislation moves forward. In short, this could go from a quick and easy protection for banking to a controversial package with many moving parts. We hope you enjoy this episode and as always if you have any questions feel free to contact us at [email protected] or Jason on reddit at CMDR1305 (https://www.reddit.com/user/Cmdr1305/).