VideoTrade To BlackCannabisPodcasts

Diamond Hands Podcast #6: Cybin CEO Doug Drysdale Visits; MSOS Rebounds As SAFE Provision Makes NDAA

By Shadd Dales On Sep 26, 2021

It had been a long descent lower for AdvisorShares Pure US Cannabis ETF (MSOS), but this week’s news provided something for investors to rally around. After losing about a quarter of its value in the weeks since Senate Majority Leader Chuck Schumer introduced his comprehensive Cannabis Administration & Opportunity Act (CAOA)—which many considered to be too ambitious to receive sanction from Senate lawmakers—cannabis reform could be getting back to basics. With the House voting to attach SAFE Banking provisions as part of the National Defense Authorization Act (NDAA), SAFE has a chance of becoming law before the year is out.

The U.S House of Representatives passed by voice vote an amendment adding the Secure and Fair Enforcement (SAFE) Banking act to the National Defense Authorization Act (NDAA) earlier this week. SAFE has passed the House five times since, only to stall in the Senate, but this time might be different since it is attached to must-passed legislation and lawmakers are hesitant to block the 1,700 page NDAA for a simple banking bill with bipartisan support.

TDR contributor Anthony Varrell and Lead Financial Writer Benjamin A. Smith explore this topic in-depth and its impact on the sector going forward. MSOS ETF is the main focus.

We also speak with Cybin CEO Doug Drysdale, who made a guest appearance to this week’s program.

While most psychedelic sector stocks have decreased on a year-to-date basis, Cybin has bucked the trend, rising 54.66% so far in 2021. Certainly, high investor visibility has been a main contributor in the outperformance, as Doug notes that seven investment banks—including six in the U.S.—have initiated coverage on Cybin to date. Doug also shares his excitement for upcoming COMPASS Pathways Phase 2b endpoint results due next quarter, and what he is looking for in the results.

For the weekly Diamond Hands Podcast stock picks, please tune in until the end.

To view Diamond Hands Podcast Episode #5, click here.

__________

* In accordance with an executed agreement between The Dales Report and Cybin, The Dales Report is engaged with the aforementioned on a 6-month contract for $7,500 per month, with the purpose of publicly disseminating information pertaining to Cybin via The Dales Report’s media assets, encompassing its website, diverse social media platforms, and YouTube channel. Compensation for The Dales Report services involves the receipt of a predefined monetary consideration, which may, on certain occasions, encompass ordinary shares in instances where monetary compensation was not obtained. In such instances where share compensation was received, The Dales Report hereby asserts the right to engage in the acquisition or disposition of such shares subsequent to the conclusion of the aforementioned contractual period, in compliance with provincial, state, and federal securities regulations. Please refer to the “Disclosures” section below, which is to be interpreted in conjunction with this disclaimer.

AdvisorShares Pure US Cannabis ETF Cybin diamond hands podcast Doug Drysdale MSOS

AN – Sidebar Square

Shadd Dales

Shadd Dales is the Founder and President of The Dales Report and has an extensive background in the business media industry.

His work translates into over 15 years in mainstream media that included roles with BNN Bloomberg, CTV Properties and the iHeart Radio Network.

Shadd is considered one of the leading on air talents in both the cannabis and psychedelic space and has interviewed some of the most notable CEO names in the industry.

Shadd’s vision is to establish a content platform that is equivalent to a mainstream broadcast produced in a format that is relevant for today’s investor.