Long time readers know, a year or two back, we wrote a lot about a US multi-state operator (MSO) in the cannabis dispensary space, iAnthus (IAN.C). We liked the company as it accelerated its dispensary acquisition program but stopped coverage in early 2019, with the shareprice in the $5 range, as it began to overpay for assets in a land grab with competitors we believed would ultimately have few winners. Today, iAnthus has put out some uncomfortable news announcing that, because it is involved in a lawsuit with creditors, it has chosen to default on debenture interest payments.
My predictions were wrong. A whiff. A miss. A face-plant into concrete. In the last 60 days, the DJIA fell 24%, gold is dithering at USD $1,670, GDX.NYSE sold off 11% and the GDXJ.NYSE fell 26%.
Pure Gold is a development and exploration story out of the High-Grade Gold Capital of the World—the Red Lake Mining Camp of northwestern Ontario. The company’s Madsen deposit, aka the PureGold Mine, is considered the highest grade development-stage project in Canada.
I have a list of companies that want me to write about them that, for the last few years, has never got to an end. Heck, the list of companies that’ll pay me to look at them rarely gets to zero, and they take precedence over the freebies. So when I spot something in the wild that people are talking about but isn’t on one of those lists, it may take me a while to get around to seeing what all the fuss is about. Powerband Solutions (PBX.V) has been shown up a lot in my social media timelines for a while now, touted by folks I know and sometimes even trust, so I thought I might as well set aside some quarantine time to look it over.
It’s never been clearer that many Canadian cannabis companies were built, from the outset, poorly. As the economy creaks and groans and every sector takes a hit from COVID-19 effects, cannabis should be an exception to the rule because, if my circle is any indication, a lot of folks are at home, bored, and getting high as hell.
March, 2020 PED revenues increased 265% from those in January, 2020 - as the company's operations ramp up to satisfy growing demand.
Peter Schiff and signs of strength in the junior exploration arena – Skeena (SKE.V) and Alexco (AXU.TO)
Now that the first quarter of 2020 is in the rearview mirror, we can reflect on this recent history. Q1 2020 was THE worst first-quarter EVER for the U.S. stock market. It was darker than even the darkest dark of the Great Depression.
Last week, Nevada Governor Steve Sisolak allowed the shops to continue at-home deliveries because marijuana is considered an "essential business", reported The Reno Gazette, “Much like the grocery stores trying to fill orders for rice and potatoes, cannabis retailers cannot fill marijuana delivery orders fast enough.”
“Last Mile’s OJO chain is growing fast, and in a controlled, responsible, and municipally welcomed fashion,” stated Equity Guru’s Chris Parry on March 13, 2020, “It’s a half billion dollar company in the making, in a $9 million market cap package”.
Biohaven (BHVN.NYSE), Zosano Pharma (ZSAN.Q), Lundbeck (HLUYY.OTC) tackle a $41 billion problem that cruelly targets women
“More than 4 million adults experience chronic daily migraine – with at least 15 migraine days per month,” states The Migraine Research Foundation, “It affects 39 million people in the U.S. and 1 billion worldwide.”
The ultimate Fed Put, soaring precious metals prices – not enough gold and silver coins to go around
Though the U.S. Congress has yet to agree on a bailout package, it’s working on an unprecedented spending bill to prop up a dying economy.
Trust me, there’s nothing I’d like more, as the publisher of a financial markets-focused media outlet, than to tell you all it’s time to buy back in on these ailing markets. I’ve got clients who’d reward me well if I were to convince you that it’d be a good idea to buy their stock in the middle of a stock slide. I’ve got employees that I’m still paying and not laying off that are ready to do their thing and share good investing opportunities with you all, especially at a time when you’re all at home looking for information.