Learning to Fly
US Cannabis set-ups into the back-half of February.
Six weeks into 2021, all we can say is, “yes please!”
Given our January LTI (letter to investors) posted online yesterday…
Titled, “Into the Great Wide Open…”
…that touches on all things cannabis, I’ll just link it as I consider redundancy the default mode of genuinely flawed individuals. Let’s rock some charts.
U.S Cannabis
$AYRWF / AYR Wellness; if Jon & Jen can execute, this is pushing tier-one. Big IF, and big position for us, but we can feel it coming in the AYR tonight. Oh Lord.
$CCHWF* Columbia Care. Y’all sleeping on this one, I assure you. Second largest U.S footprint, mis-cast as medical, cheap af v. 22 compares…Choo F Choo.
$CNPOF / Canopy Rivers; my sleeper pick for 2021, a SPAC w better economics and real smart money involved; cashed up, investor-approved, and focused on U.S. opps.
$CRBLF; Cresco Labs; Charlie, his cannabis factory and that wholesale model gonna make Willy Wonka proud and the longer it bases > $14….
$CURLF / Curaleaf; Bojo, JoBa & Co. Go big or go home.
$CWBHF; Charlotte’s Web: I know like WTF? CBD? That sucks! Exactly; which is why it’s -80% vs ATH’s but this saturated sub-segment will rise like a phoenix (maybe) under a new FDA and if it does, this’ll the best horse in the stable.
$INDXF: Indus Holdings; Old pirates yes they rob I lost oodles on this thing on the way down; fun! But Bob Marley will tell you redemption songs are songs of freedom for this regurgitated Cali play, and I’m inclined to believe him.
$GRAMF, TPCO Holding aka Jay Z’s thang. Getting cheaper by the day for another Cali play. You short Joe Montana / Caliva. Double dare ya.
$GTBIF, Green Thumb Industries. Last week, someone dropped $100M on the wire and this wk, Bill Miller said GTI was undervalued and Palestra filed as a 5% holder and it’s only Wednesday. Andy Grossman thought I was joking last yr when I asked if he wanted to adopt a 51-yr old Jewish man; I wasn’t. Cat’s in the Cradle, dad.
$HRVSF, Harvest Health; remember when we discussed how the brokenest of balance sheets could make for the best comeback stories in a democratized cannabis universe?
$TCNNF, Trulieve; WARNING: persistently high RSI’s maybe hazardous to your long-term investing health. This Florida gator been leading since the word go.
$TRSSF, TerrAscend; been in this biz 30+ yrs / this life 50+ yrs; if I’ve met a sharper tack / better person than Jason Wild… well, I haven’t. Ackerman doesn’t suck either.
Bonus Canuck pick: $VFF, Village Farms. I know $APHA and $CGC and so many other Canadian rockets but remeber this / pro-tip: in the short-term, the market is a voting machine and in the long-term it’s a weighing machine.
So many other names but so little capacity on this platform. But I will leave you with this, courtesy of Scotty J, as mocked as only Sabs can do. #MSOGang Life rt here.
/assume positions in all and anything w an * = client.
PS- Shultzy and I will be hosting our very first Cannabis Confidential on Clubhouse tomorrow (Thursday) 8PM-930PM EST for an #AMA w special guests. IDK this platform all that well but Jeff and I gonna figure it out.