New Frontier Data CEO Giadha Aguierre De Carcer, Ben Smith, Jason Zandberg - Midas Letter RAW 156

Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. Brandon Colwell 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 Brandon & Ed
-bad day in the S&P today, but it's had a big run
-January sets up the year
-volatility back

4:36 - Midas Letter News
-Canopy Growth Corp (TSE:WEED) increasing investment in Canopy Rivers (CVE:RIV) by $30M
-Wayland Group (CNSX:WAYL) received German certifications
-Green Growth Brands (CNSX:GGB) not backing away from Aphria takeover bid
-Cinaport (CVE:CPQ) gets approval
-FSD Pharma (CNSX:HUGE) has terminated newly hired CEO
-Auxly (CVE:XLY) announced termination of JV with FSD Pharma
-MedMen (CNSX:MMEN) sells properties
-GGB (CNSX:GGB) will work with Tilray to develop active products with CBD
-New Brunswick and Sask supply agreements for Supreme (TSE:FIRE)
-Tilray (NASDAQ:TLRY) global leadership team announcements

9:10 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-press releases don't push stocks higher like they used to
-Auxly and FSD Pharma break up: bigger loss for FSD? (Auxly has more cash); breach of contract? (staffing obligations?) and infrastructure
-Auxly chart: through the Bollinger Band; breakdown
-FSD Pharma also down considerably
-breaking Bollinger bands on volume
-new issuers = dilution
-Khiron (CVE:KHRN) raise

17:36 - New Frontier Data is a data analytics platform providing unbiased and vetted industry reports for the legal cannabis sector. Founder and CEO Giadha Aguirre De Carcer reveals New Frontier Data helps stakeholders and operators understand both a macroeconomic view of the industry as well as the ability to monetize specific data sets.

28:27 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-New Frontier Data: helps with the macroeconomic picture
-Khiron, Cronos (NASDAQ:CRON) on great runs

30:26 - Video: Weed Stock 101 with Ed, Sean Cookson & Adamo Barbieri

36:09 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-taking profits
-newer entrants don't have to go through the growing pains of the Canopys, Auroras etc; but need to be niche or differentiate

40:07 - Midas Letter Lead Financial Writer Ben Smith discusses the FOMO action that has dominated the cannabis space in 2019. He notes that globally, cannabis stocks went up by 24 percent in January. However, the Canadian and American space soared past that total with 36 and 40 percent increases respectively. Smith notes the sector has seen a pullback recently, as investors engage in profit taking and cautions that a number of companies in the sector have earnings statements coming next week.

56:23 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-economists vs. politicians
-Amex Exploration (AMX) chart: huge spike
-Argo Gold (CNSX:ARQ) chart: hit all time high
-Ed: bullish on copper
-Heritage Cannabis, Canna, up
-MPXi down almost 13% (new iAnthus/MPX spinoff)
-not moving as together anymore; Brandon: I like divergence
-Ascent: down 27%; Health Canada revoking license
-OrganiGram (OGI) getting license back
-C21 Investments (CXXI) going to wow in March
-High Yield Corp

1:08:55 - PI Financial Corp Special Situations Analyst Jason Zandberg, CFA shares his take on recent developments in the cannabis space. Zandberg addresses the glut of companies that have gone public recently and highlights names he thinks have performed well in the recreational market. Zandberg examines the advantages of the Florida market.

1:19:32 - Macroeconomics and Cannabis Analysis with Brandon & Ed
-really starting to see convergence of expertise in the space
-lot of shitty companies with great stocks, lots of great companies with shitty stocks
-Weekend Unlimited (CNSX:POT) went on run after changing ticker; but no real fundamental change in value
Tomorrow: AltaCorp, True Leaf, Dixie Brands

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[andrewgray]

Can you guys please explain how to properly value companies like Quinsam Capital (QCA), Rockshield Capital (RKS), and other early stage investment companies in the cannabis space? In my opinion these companies should essentially trade like ETFs using simple math to calculate their intrinsic value based on the current value of each of their holdings. Instead these stocks trade at steep discounts to their NAV. Can you also talk about the decision to liquidate or privatize a public company based on extreme undervaluations in the market?