In this episode of TDR Trade To Black presented by Dutchie, host Shadd Dales sits down with cannabis industry veteran Seth Yakatan to answer the question on every investor’s mind: what will the morning look like when cannabis rescheduling is announced? Later, Shadd and Seth talk about how the media will cover rescheduling — and why that coverage alone could reshape how the world looks at cannabis. Plus Dan from the Chart Guys will join us again to recap this weeks price action, and what cannabis investors should be prepared for heading into next week.
We’ll dive into the “Morning After” Playbook with Seth Yakutin. What will happen if cannabis rescheduling happens isn’t theory anymore — it’s about what happens that very first day. Will US cannabis stocks gap up? Do ETFs like MSOS catch fire? Or will the rally fade after the opening bell? On the business side, the conversation cuts into how rescheduling could finally ease the 280E tax burden, change company balance sheets, and open the door to potential uplistings.
Investor/consultant Seth Yakutin says the rumor mill is the frothiest he has seen and argues markets still do not price in rescheduling. He expects 50–100% moves across top MSOs on announcement and a sharp reopening of Canadian public-equity flows (Bay Street) for elite issuers.
Shadd and Seth also tackle the political angle — how lawmakers in Washington, and the Trump administration, will spin the news and what it means for the broader regulatory agenda. For investors, the discussion breaks down how sentiment will shift — from retail beginners who just want to know if their stocks are going up, to seasoned investors who’ve survived years of volatility. Canadian institutions also enter the conversation — will they finally move into US names? And could companies like Curaleaf (TSX:CURLF) get the green light for TSX inclusion?
He cites recent earnings strength—improving EBITDA and margins at tier-one names—and uses AYR’s collapse to underline lessons: too much debt, not enough cash flow, and risky structures (RTOs/SPACs/sale-leasebacks). Near term, he expects big alcohol to move first in beverages, noting state-level hemp rules that increasingly align with alcohol’s distribution “rails.”
Dan from the Chart Guys frames MSOS as announcement-or-weekly-consolidation: if no news, a daily head-and-shoulders remains possible with $5 acting as resistance. He explains the frequent end-of-day dumps, preferring fast flushes that set up V-shape bounces (e.g., VFF’s sharp drop and swift rebound). He flags MSOX as a leveraged, trading-focused ETF with time decay, not a long-term hold. On CGC, he warns about dilution death-spiral dynamics familiar from past penny-stock cycles. His playbook: keep alerts ready, act within minutes if an intraday headline hits, and manage positions so part can be sold into euphoria while reloading on inevitable 30% pullbacks.
Tune in for the full Friday chat.
