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Trade To Black 25: Curaleaf Holdings Pushes Back Against Russia Allegations

In this week’s Trade To Black Podcast, Shadd Dales, Benjamin A. Smith and Anthony Varrell talk about this week’s crypto, cannabis and psychedelics news—including economic impact of Ukraine invasion. We focus specifically on Curaleaf Holdings (CNSX: CURA) (OTCMKTS: CURLF), in which Boris Jordan and second largest shareholder Andrei Blokh came under scrutiny for their ties with Russia, which is currently embroiled in a military offensive against neighboring Ukraine. Of February 24, Curaleaf reiterated that Executive Chairman Boris Jordan “is an American citizen and #Curaleaf is an American company.”

Trade To Black Podcast Episode 25 CliffsNotes…

@1:50 What’s your take on this past week, given the events in Russia? A banter on recent events.

Crypto/NFT

@4:38 Russian banks were restricted on the worldwide SWIFT payment system. What kind of impact does this have on Bitcoin and the crypto space?

@7:00 Even though Russia has been making crypto-friendly overtures and creating a favorable environment for crypto mining, there are still some question on whether it is truly bullish on the crypto industry. Anthony gives an assessment.

Cannabis

@8:40 Curaleaf Holdings came out in its defense by itself by refuting Russian ties allegations that had been circulating on social media. The stock noticeably underperformed in the morning session on Friday, but stemmed the bleeding in the afternoon to finish in range with its peer group. Benjamin A. Smith and Anthony Varrell give an assessment.

@12:35 The whole Curaleaf Holdings situation shows the need for MSOS component companies to migrate to major U.S. exchanges as soon as possible.

@13:55 The sector still looks quite vulnerable right now, given MSOS non-participation in Friday’s broad market follow-on rally. Earnings season coming up and there’s a potential for soft fourth quarter financial results.

@15:09 Both Benjamin A. Smith and Anthony Varrell are taking a defensive posture in the market right now.

Psychedelics

@17:40 Cathy Wood keeps buying atai Life Sciences and the current geo political events don’t appear to be dissuading her adding to her position.

@19:56 Utah lawmakers sent a bill to the governor that would create a task force to study and make recommendations on the therapeutic potential of psychedelic drugs and possible regulations for their lawful use. This is noteworthy because the state House and Senate are both solidly Republican. Medicinal psychedelics appears to be a bi-partisan issue.

@23:55 Will legal psychedelic compounds be legalized on a medicinal level?

__________

@27:15 Elon Musk says the company’s Starlink satellite broadband service is available in Ukraine and SpaceX is sending more terminals to the country, whose internet has been disrupted due to the Russian invasion. We discuss.

@29:35 Where is Elon Musk 10 years from now and what is his legacy?

@33:20 Michigan men’s basketball coach Juwan Howard was suspended five games and fined $40,000 for hitting Wisconsin assistant coach Joe Krabbenhoft in the face after Sunday’s game.

To view Trade To Black Podcast 24, click here.

The Dales Report Inc. disclosure policy applies to this post    
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