Category: Investment Resource

MSO (Multi State Operator) Price Targets – October | CIG

All closing prices as of October 10th, 2019

CLIANTRULPLTHCURA
Upside 206%691%121%76%107%
HARVOHMMEN GTII
Upside468%141%140%140%

Cresco Labs (CSE: CL, OTC: CRLBF)

Average Price Target: $21.67C

Closing Price: $7.09C (206% upside from average price target listed above)

iAnthus (CSE: IAN, OTC: ITHUF)

Average Price Target: $12.11C

Closing Price: $1.53C (691% upside from average price target listed above)

Trulieve (CSE: TRUL, OTC: TCNNF)

Average Price Target: $27.50C

Closing Price: $12.43C (121% upside from average price target listed above)

Harvest Health and Recreation (CSE: HARV, OTC: HRVSF)

Average Price Target: $17.88C

Closing Price: $3.15C (468% upside from average price target listed above)

Curaleaf (CSE: CURA, OTC: CURLF)

Average Price Target: $16.75C

Closing Price: $8.10C (107% upside from average price target listed above)

Green Thumb Industries (CSE: GTII, OTC: GTBIF)

Average Price Target: $28C

Closing Price: $11.65C (140% upside from average price target listed above)

Origin House (CSE: OH, OTC: ORHOF)

Average Price Target: $12.63C

Closing Price: $5.23C (141% upside from average price target listed above)

MedMen (CSE: MMEN, OTC: MMNFF)

Average Price Target: $3.92C

Closing Price: $1.63C (140% upside from average price target listed above)

Planet 13 Holdings (CSE: PLTH, OTC: PLNHF)

Average Price Target: $3.88C

Closing Price: $2.21C (76% upside from average price target listed above)

Honourable Mention

Charlotte’s Web Holding (TSX: CWEB, OTC: CWBHF)

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Cannabis Extraction Companies Comparison Report | CIG

CIG’s Comparison of four major Canadian cannabis extraction companies.

  • Valens Groworks (TSX-V: VGW, OTC: VGWCF)
  • Radient Technologies Inc (TSX-V: RTI, OTC: RDDTF)
  • Neptune Wellness Solutions (TSX: NEPT, NASDAQ: NEPT)
  • MediPharm Labs (TSX: LABS, OTC: MEDIF)
Source: Valens Groworks Investor Presentation

Expected Future Capacity

ValensNeptuneMediPharmRadient
Capacity (kg)1,000,0001,500,000250,0006,720,000

Major Partnerships

Valens Groworks (TSX-V: VGW, OTC: VGWCF)

Canopy Growth (TSX: WEED, NYSE: CGC), Hexo Corp (TSX: HEXO, NYSE: HEXO), Organigram (TSX: OGI, NASDAQ: OGI), The Green Organic Dutchman (TSX: TGOD, OTC: TGODF), Sundial (NASDAQ: SNDL), Gtec Holdings (TSX-V: GTEC), Harvest One (TSX-V: HVT), Tilray (NASDAQ: TLRY), Tantalus, Iconic Brewing Co, Shoppers Drug Mart, SpeakEasy

Neptune Wellness Solutions (TSX: NEPT, NASDAQ: NEPT)

Canopy Growth (TSX: WEED, NYSE: CGC), The Green Organic Dutchman (TSX: TGOD, OTC: TGODF), Tilray (NASDAQ: TLRY)

MediPharm Labs (TSX: LABS, OTC: MEDIF)

Terrascend Corp (CSE: TER, OTC: TRSSF), Cronos Group (TSX, NASDAQ: CRON), Canopy Growth (TSX: WEED, NYSE: CGC), AusCann, ADREX

Radient Technologies Inc (TSX-V: RTI, OTC: RDDTF)


Aurora Cannabis (TSX, NYSE: ACB)

Last Quarter Financials

ValensNeptuneMediPharmRadient
Revenues ($)8.8MM$4.36M$31.5M$0.06M

As of Oct 9th, 2019

CO2 Extraction method

Valens Groworks, Neptune Solutions and MediPharm Labs use CO2 extraction method.

What is CO2 Extraction?

The Supercritical CO2 extraction process creates phase changes in carbon dioxide utilizing temperature and pressure. CO2 is known as a “tunable solvent” making it extremely versatile for creating a multitude of end products by controlling temperature and pressure. These phase changes create an environment to drop out differing weights of components in the plant material.

Why use CO2?

The primary reason is to create a pure, clean, quality oil that is safe to produce with little-to- no post-processing, unlike toxic solvents that may require many hours to purge the solvent trapped in the oil. In addition, multiple industries have proven that the highest efficiencies in commercial processing utilize CO2. 

CO2 is efficient, inexpensive and is a “tunable” solvent. The ability to “tune” the extraction process can not be overstated – especially with a system that will separate constituents during an extraction. You can target specific compounds, like terpenes (terpenoids) through different parameters. CO2 is also a sanitizing agent, prolonging shelf life and with the proper system and environment, yields food and medical grade oils.

CO2 extraction is the cleanest, safest method for extracting plants such as hops, cannabis and a wide range of nutraceuticals and organic crops.

Source for CO2 Extraction: Edenlabs

Radient Technologies MAP Extraction Method

Microwave-Assisted Extraction (MAP) of Value-Added Ingredients from Natural Biomass

Source: Radient Technologies
  • Much faster extraction rates
  • Efficient “single stage” extraction
  • Improved extraction selectivity and purity
  • Ease of commercial scalability

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Source: Valens Groworks, Neptune Wellness Solutions, MediPharm Labs, Radient Technologies Inc.

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional.

Cashflow Statement(US)

A cash flow statement is a financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company. The cash flow statement measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

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Source: Investing.com

Major Canadian LPs


Definition – What does Licensed Producer mean?

In the marijuana industry, a licensed producer is an individual that possesses a state or municipal license to grow, harvest, dry, trim, cure, and package cannabis. The cannabis can then be sold to licensed wholesalers (facilities). A licensed producer can also sell live plants and seeds.

Cultivation of marijuana is legal in numerous states in the United States. However, such individuals most possess a state license. In some states, and in Canada, a licensed producer is not an individual but a business entity, such as a gardening nursery, that has been issued a state license and permit to cultivate and sell cannabis for medicinal purposes to licensed dispensaries or individuals who possess a state-issued medical marijuana certification or permit.

Source: Maximumyield

Major US MSOs

What Is A Multi-State Operator (MSO)?


 Although there is no exact technical definition, an MSO is usually taken to mean a marijuana company with operations in multiple states.
 
The largest MSOs have vertically-integrated operations in multiple states where some form of marijuana (medicinal use and/or recreational use) has been legalized.
 
A large MSO will include marijuana cultivation, wholesaling, and distribution through its own retail locations.

CIG List of Major MSOs

  • Curaleaf (CSE: CURA, OTC: CURLF)
  • Cresco Labs (CSE: CL, OTC: CRLBF)
  • Trulieve (CSE: TRUL, OTC: TCNNF)
  • iAnthus (CSE: IAN, OTC: ITHUF)
  • Green Thumb Industries (CSE: GTII, OTC: GTBIF)
  • Harvest Health & Recreation (CSE: HARV, OTC: HRVSF)
  • MedMen (CSE: MMEN, OTC: MMNFF)
  • Acreage Holdings (CSE: ACRG.U, OTC: ACRGF)

Source: theseedInvestor

Source: Maximumyield

Balance Sheet + Income Statement (US)

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Source: Investing.com

Balance Sheet + Income Statement

Image result for wallpaper wall street

What Is a Balance Sheet?

A balance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.

It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Formula Used for a Balance Sheet

The balance sheet adheres to the following accounting equation, where assets on one side, and liabilities plus shareholders’ equity on the other, balance out:

\text{Assets} = \text{Liabilities} + \text{Shareholders’ Equity}Assets=Liabilities+Shareholders’ Equity

What is an Income Statement?

An income statement is one of the three important financial statements used for reporting a company’s financial performance over a specific accounting period, with the other two key statements being the balance sheet and the statement of cash flows. Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company’s revenues and expenses during a particular period.

The income statement focuses on the four key items – revenueexpenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business). It starts with the details of sales, and then works down to compute the net income and eventually the earnings per share (EPS). Essentially, it gives an account of how the net revenue realized by the company gets transformed into net earnings (profit or loss).

Source: Investopedia

Source: Maximumyield

Death Spiral Finance

What is Death Spiral Finance? 

In death spiral finance a financier or lender typically agrees to loan a publicly-traded company some amount of cash. In exchange the lender takes a convertible debenture with typically a reasonable interest rate. These folks start lining up at the door when the stock begins to hit above $1 a share.

The unfortunate aspect that is not revealed in this process is that the money doesn’t come without a catch: the lender can convert his/her debenture at any time into shares of common stock. In typical fashion, such an offer will come without a predetermined number of shares but instead with a share conversion rate that is a moving target which is always less then the prevailing market rate. That way, when the “investor” (which I use very loosely) sells the shares s/he will always profit, even on the downside.

BREAKING DOWN Death Spiral

This type of loan is sometimes undertaken by a company that desperately needs cash. It is called a death spiral because the stock of the company often plunges drastically after it issues this convertible debt. It is important to note that death spirals often allow buyers to convert the bonds into shares at a fixed conversion ratio in which the buyer has a large premium. For example, a bond with a face value of $1,000 may have a convertible value of $1,500, which means that a bondholder will receive $1,500 worth of equity for giving up the $1,000 bond. However, upon a conversion, more shares are created, which dilutes the share price. This drop in price may cause more bond holders to convert because the lower share price means that they will be receiving more shares. Any further conversions will cause more price drops as the supply of shares increases, causing the process to repeat itself as the stock’s price spirals downward.

Why Would a Company Want Death Spiral Financing?

A company that seeks death spiral financing basically has no other option to raise money to survive. Traders who want to short the stock salivate at the prospect that the stock will dive. The only hope for the company to break the death spiral is to improve its operational results. If it can effectively deploy the proceeds of the convertible debt issue in its underlying business, it may be able to avoid the hopes of short sellers and even stick losses to them.

Death spiral finance is extraordinarily interesting and both frightening for those uninitiated to this kind of manipulation. It is also likely to trigger financial reporting issues given that the convertible feature is effectively an embedded derivative. Additionally, relative to a falling share price and such high leverage, debt financing is likely to trigger gearing/debt servicing ratio warnings that could ‘spiral’ an even further decline in the share price. 

Source: Investopedia, Investmentbank

Balance Sheet + Income Statement (Canada)

balance sheet is a statement of the financial position of a business that lists the assets, liabilities and owner’s equity at a particular point in time. In other words, the balance sheet illustrates your business’s net worth.

Source: Investing.com

Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional.