Midas Letter RAW 98: Origin House (CannaRoyalty), Cryptocurrency & Cannabis Commentary

Midas Letter RAW 98: Origin House (CannaRoyalty), Cryptocurrency & Cannabis Commentary
-HMMJ the ETF is down about 10%, breaking its trend; fundamentally shouldn’t have happened (because of Sessions news); Ed: “the pattern is still intact if it rallies tomorrow”
-Planet 13 Holdings (CNSX:PLT)
-High Hampton Holdings up today; candidate for takeover when legalization occurs
-everything is down today
-James joining the medical system as a stop gap, doesn’t trust the rec system yet
Macroeconomics and Cannabis Analysis with James & Ed

-is the US investor all in on the cannabis market yet? US market is 20 times bigger than CDN with 1/20th of the cannabis companies
-OH an acquisition target for a big US cannabis company
-de-prohibition is still a few steps away; STATES Act is the most likely next step
-Origin House has planned its production for a landscape that includes de-prohibition/legalization
-federal de-prohibition would instantly resolve the banking issue and would allow companies to manufacture/produce products across state lines
-Sessions resignation and spread of medical cannabis in more states: believe in continual progress in the US for medical; everyday other industries looking at cannabis acquisitions; MNA very active right now
-focused on California, branded products need to be originated from; if OH dominates in California, will have the experience and knowledge to branch out into other states
-distribution work allows OH to figure out which brands are successful, useful for partnerships
-distribution and branded products driving California success
-Nov. 28 financial statements coming out
-discusses name change from CannaRoyalty
Marc Lustig, CEO of Origin House (CNSX:OH)

-RISE Life Sciences
-ML indexes review
-Charlotte’s Web (CSE:CWEB)
-Patriot One (CVE:PAT) deal with Cisco Systems
Macroeconomics and Cannabis Analysis with James & Ed

-important to have in-house compliance officers
-company works with cryptocurrencies, investment firms, traditional banks and credit unions
-any crime where there are proceeds (drugs, arms dealing, trafficking)
-most of the alerts generated for money laundering are false positives
-global financial enforcement takes a lot of coordination
-cryptocurrency isn’t the main way people are committing money laundering
-KYC will be similar to opening a bank account etc
-digital currencies will become regulated
-anti-money laundering legislation
Amber Scott, Founder and CEO of Outlier Solutions Inc

Video: CIX Conference in Toronto: Will upcoming cryptocurrency regulations provide investors with enough reassurance to invest in the space? With Sean Cookson.

-New YouTube Channel: Midas Letter Clips – subscribe
-hard to tie the product to the producers
-the companies that have already got their products back in stock are the ones to watch
-Check OCS inventory
-Aphria’s (TSE:APHA) deal for CC Pharma (European pharmacies); strengthen German footing
-TerrAscend subsidiary Solace; distributes to 13,000 pharmacies
-James: “this makes no sense to me”
-new index: US Cannabis stocks listed in Canada; Tilray down 15%
-after yesterday shocking that even US leaders listed in Canada are down
-everything is down
-ML indexes
-Signature Resources (CVE:SGU)
-gold: fluctuated between 00-00 last 5 years
-Namaste MD; Uppy Strain Journal collects user generated data on cannabis strains
-GTI one of 14 LPs to operate in Florida
-Planet 13 Holdings financing
-National Action Cannabis opening Canada’s first First Nations retail store MetaCannabis Supply Co
-Peak Pharma Solutions acquired by Canada House Wellness
Trulieve two new acquisitions, Life Essence Inc, Leef Industries; first move outside of Florida
-Aphria Inc announced purchase of CC Pharma
Macroeconomics and Cannabis News and Analysis with James and Ed

Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. James West and Ed Milewski provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business.


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Midas Letter RAW 98: Origin House (CannaRoyalty), Cryptocurrency & Cannabis Commentary