Alan Brochstein on CannTrust’s (TSE:TRST) Public Offering & Cronos Group’s (TSE:CRON) Valuation скачать в хорошем качестве

Alan Brochstein on CannTrust’s (TSE:TRST) Public Offering & Cronos Group’s (TSE:CRON) Valuation

420Investor and New Cannabis Ventures Founder Alan Brochstein discusses recent trends in the cannabis space. He notes that there has been an increase in shelf registrations, most recently by Charlotte’s Web Holdings Inc (CNSX:CWEB) (OTCMKTS:CWBHF). Brochstein is critical of CannTrust Holdings Inc’s (TSE:TRST) (NYSE:CTST) (FRA:C9S) recent public offering. He suggests that by offering shares below market price, the company mishandled its financing. He addresses the importance of tracking revenue, but stresses it is not the only valuable metric when evaluating cannabis companies. Brochstein cautions investors to be mindful of large discrepancies between a company’s revenue and valuation. He notes that Cronos Group Inc’s (TSE:CRON) (NASDAQ:CRON) (FRA:7CI) revenue is far below its valuation and merits additional scrutiny. On the flip side, he observes that TILT Holdings Inc (CNSX:TILT) (OTCMKTS:SVVTF) (FRA:0T01) has impressive revenue numbers but complicated narratives continue to bog down the company’s valuation. He believes that retailers are currently undervalued, and highlights Alcanna Inc’s (TSE:CLIQ) (OTCMKTS:LQSIF)Nova Cannabis-branded store, which opened in Toronto in April. ************************ Check out our website: https://midasletter.com ************************ SUBSCRIBE to our YouTube: http://bit.ly/MidasLetterYoutube SUBSCRIBE to our 2nd YouTube Channel - Midas Letter Clips: https://bit.ly/2rtQzgy SUBSCRIBE to our Newsletter: http://bit.ly/MidasLetterNewsletter Download Our Podcast on iTunes: http://bit.ly/MidasLetterPodcast ************************ Follow Us on Twitter: http://bit.ly/MidasLetterTwitter Like Us on Instagram: http://bit.ly/MidasLetterInsta Like Us on Facebook: http://bit.ly/MidasLetterFacebook ************************ #WeedStocks #MidasLetter