This insider is sharing a firsthand account of cannabis sales during the coronavirus…
It always helps to have boots on the ground.
Someone right in the middle of the action.
Having that inside connection gives you an edge.
It lets you identify popular trends before anyone else. In turn, you can utilize that knowledge to invest in the companies that are capitalizing on shifts in customer preferences. Or you can sell off the laggards who can’t (or won’t) meet the new demand.
That’s why I wanted to introduce you to my friend, Charlie Delvalle.
As an entrepreneur and the co-founder of a cannabis brand in Oregon, he has a firsthand account of what dispensary owners are experiencing during this period of uncertainty.
He knows what customers are asking because they talk to him directly. He knows what they were stockpiling as the coronavirus was first spreading because he saw what was flying off the shelves.
Charlie’s Report From the Field
Before I share Charlie’s expert insight, I wanted to add some more color to his background.
He’s a value investor, so he knows how to be patient and wait for a good deal.
On the cannabis side, he is the co-founder of Hashstoria, and he’s set to open three new retail storefronts this year. One will be in Portland, and another will be in Oklahoma City, Oklahoma.
Because of his unique viewpoint, I asked Charlie if he could share more about what he’s seeing during the coronavirus.
Now, the one thing to know about Charlie is that he’s a straight shooter. He’s going to tell it like it is.
And in his report, he doesn’t hold back.
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The coronavirus has sped up what we’ve referred to as “Phase 2” for the cannabis industry. That’s when the winners separate themselves from the wannabes.
The winners will be able to scoop up valuable assets – equipment, brands, tech, and even skilled employees – from failed companies, and you’ll also see a lot more merger and acquisition (M&A) activity.
And that’s exactly what Charlie says is happening.
Charlie told me that, “Ultimately, many of these players are going to end up selling their business to people like me.”
Everything he shares in his new report should be at the top of your reading list for today. He talks about cannabis sales, the types of companies that will come out of the coronavirus pandemic even stronger than before, and what company is at the top of his watch list as a value play.
Don Yocham, CFA
Executive Director, National Institute for Cannabis Investors
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6 responses to “An Inside Look at Cannabis Sales During the Coronavirus”
April 09 2020