In this week’s Trade To Black Podcast, we again speak with Benjamin A. Smith with Anthony Varrell about the sectors that we cover. We focus on U.S. cannabis: with the hope of federal legislative action discounted in the near term, the focus shifts towards 2022 has commenced. It’s a tricky investing environment, with AdvisorShares Pure US Cannabis ETF (MSOS) still searching for bottom to stem the non-stop hemorrhaging that has taken place in 2021. The plurality of market watchers expect a rebound and sentiment remains high, but the headwinds of slower quarter-over-quarter growth and an uncertain regulatory environment remain. This is countered by the fact that Tier-1 MSOS remain very cheap according to growth valuation metrics, and its longer-term prospects look outstanding.
As usual, we also cover the crypto/NFT and psychedelics markets in the aftermath.
Trade To Black Podcast Episode #16 CliffsNotes…
@1:49 Canada’s largest investment bank, Canaccord Genuity, released their top U.S. cannabis stocks for 2022. We discuss the picks.
@4:52 Both Ben and Varrell like Curaleaf Holdings going into 2022.
@5:41 Cantor Fitzgerald analyst Pablo Zuanic doesn’t think calendar Q4 2021 growth will be particularly inspiring in U.S. cannabis. We discuss his recent note in detail and provide commentary.
@8:47 What happened with MSOS and the industry this past year?
@12:20 Investment bank Piper Sandler with lowered 2022 revenue estimates and a steep price target drop on Tilray ($13 > $8). We discuss this and the recent Canaccord price target drop on Hexo Corp. ($2 > $1) which leads the Canadian market in dry flower market share.
@16:48 Ben and Anthony’s bold prediction for U.S. cannabis in 2022.
@19:21 Key atai Life Sciences shareholders announced an extensive share lock-up and the stock price fell ~32%. Bear market doing bear market things. We discuss.
@20:38 The psychedelics industry is dominated by retail investors and this needs to change.
@23:42 If Big Pharma initiates partnerships with certain psychedelic companies, is this the green light to get investors excited again?
@26.15 Big trends for 2022.
@29:03 Nike and Adidas have entered the NFT space. Anthony’s perspective on Big Corp. entering Web 3.0
@31:35 A lot of the NFT community is apprehensive about Big Brands entering. Why?
@33:05 The early adopters are always vilified.
@35:48 What is a bold statement for the NFT market in 2022?
@36:39 Does crypto crash in 2022?
@38:55 Cryptocurrency are not currencies.
To view our previous Trade To Black Podcast #15, click here.