You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news.
A year ago, the low cannabis stock prices captured our attention, and we really liked cannabis stocks. This year, though, we have been a lot smarter and have been warning readers regularly about the challenges the stocks face. We just completed a quarter, and the New Cannabis Ventures Global Cannabis Stock Index posted its 9th consecutive quarterly decline.
Last week wasn’t the first time for us to run an advertisement in this newsletter that features a client facing liquidation of its assets, but it was the first time it was for a former client. We really liked Fire & Flower a while ago, especially after Couche-Tard invested, but we lost confidence a while ago, when they were no longer a client. We have another former client with a firm looking to advertise its assets being for sale. This seems like the potential beginning to the end of this nasty cycle the industry has been enduring, with formerly promising companies being liquidated.
We are really proud of all that we have done at New Cannabis Ventures since our launch in 2015. We have lost most of the clients we have served over the years, but we haven’t changed our approach at all. We continue to never take money from a company in exchange for telling our readers that the stock is attractive. We also continue to print only the important news, much of it exclusive.
We continue to look for signs that the market may be bottoming. While these collapses of formerly promising companies is encouraging, we continue to believe that the end of 280E or the ability for American cannabis operators to trade on a major U.S. exchange is what it will ultimately take. One thing you can count on is that we won’t proclaim a new bull market until it is justified to do so.
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New Cannabis Ventures publishes curated articles as well as exclusive news. Here is some of the most interesting business content from this week:
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Alan & Joel