Cannabis Idea Discussion

Advisorshares Trust - AdvisorShares Pure US Cannabis ETF

Consumer, Industrial/Transportation


Presented:11/17/2021
Price:$29.82
Cap:N/A
Current Price:$6.89
Cap:N/A

Presented

Date11/17/2021
Price$29.82
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily Vol1,136,645
Short IntN/A

Current

Price$6.89
Market CapN/A
MSOS is an actively managed narrow portfolio of US stocks or swap contracts related to the domestic cannabis and hemp industry.

Publicly traded companies mentioned herein: Ascend Wellness Holdings Inc (AAWH), Ayr Wellness Inc (AYR/A CN), Columbia Care Inc (CCHW CN), Cresco Labs Inc (CL CN), Curaleaf Holdings Inc (CURLF), Goodness Growth Holdings Inc (GDNS CN), Green Thumb Industries Inc (GTII CN), iAnthus Capital Holdings Inc (IAN CN), JPMorgan Chase & Co (JPM), Jushi Holdings Inc (JUSH CN), Starbucks Corp (SBUX), TerrAscend Corp (TER CN), Trulieve Cannabis Corp (TRUL CN), Verano Holdings Corp (VRNO CN)

Highlights

On November 17, 2021, DeMatteo Research hosted a discussion on the cannabis industry with a group of investors who are bullish on the space. The group discussed industry evolution, unit economics, public and private markets, the path to institutional ownership, the most attractive players going forward, regulation, and potential sources of risk. 

Industry Backdrop

The group is positive on the cannabis space overall, with one participant noting it to be a large and established industry (i.e., the market does not have to be created) that is expanding and acyclical. Given that it is decriminalized in over half of US states, he is surprised that marijuana is still listed as a Schedule 1 drug along with heroin and ecstasy. He also considers this an interesting time to look at the sector, citing the recent investment in the ETF MSOS by a reputable and longstanding l/s hedge fund as strong validation. Going forward, the group agrees that ongoing market evolution will drive stock prices. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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