#48 - COVID isn't Cancelled (but Neither is Cannabis) - July 2020 Update
Cannabis Investing Network - En podcast af CIN Podcast
Kategorier:
Market Update: COVID risk is growing rapidly but Cannabis is looking good
- Broader market remains buoyed by Fed Support but valuations are stretched
- COVID is accelerating across US and is a massive threat with exponential growth
- Lack of political will to close down economy again; somehow wearing a mask has become a political issue
- Relation to cannabis: do you look at the stats or listen to the pundits?
Cannabis
- Has performed very well in pandemic; strong sales; essential status
- Cannabis is perfect for a COVID / isolated world
- Long term: accelerates opportunity for legalization and reforms
- RISK: stimulus still flowing, things can slide backwards (Ontario pulling back delivery and curbside)
o Nevada can be soft ; But updates from AYR Q2 are encouraging
o Many lower quality companies on the edge
- Diving deeper into AYR Strategies (CSE: AYR)
- Sentiment: Investors are upset and can easily dump despite good results (eg. LHS)
- Separation of winners and losers but many retail investors don’t really care (gamble vs investing)
