Four stories to drop everything for and read right now…
From $1 billion milestones to high-profile individuals and firms investing in cannabis, the legal cannabis industry is growing at record speed – and nothing illustrates that better than these four stories that are worth dropping everything to read right now.
1. MSOS’s Billion-Dollar Milestone
AdvisorShares Pure U.S. Cannabis ETF (NYSE: MSOS) surpassed $1 billion in assets under management this week, signaling growing investor interest in cannabis stocks.
As the first cannabis exchange-traded fund (ETF) to focus solely on United States operators, it’s also another proof point of what we’ve always said – that the biggest moneymaking opportunities are in multistate operators (MSOs).
Dan also has a “4 Horsemen” list of stocks he would buy, which you can find out about in the latest episode of In the Green.
2. New Jersey Seals the Deal
On Monday, New Jersey‘s Gov. Phil Murphy signed his state’s future $1 billion adult-use cannabis market into law and set the wheels in motion for recreational cannabis sales to begin later this year.
The Garden State is poised to become the largest cannabis market on the East Coast, which could create a domino effect for surrounding states like New York and Pennsylvania to push their recreational legalization agendas further, faster.
3. U.S. Ambitions for Fire & Flower
Canadian-based dispensary chain Fire & Flower Holdings Corp. (OTC: FFLWF) announced that it applied to up-list from the over-the-counter markets (OTCMKTS) to the Nasdaq and that it is working on a licensing deal in the U.S.
This is all a part of a strategic plan to expand the Fire & Flower brand across the globe, and we caught up with CEO Trevor Fencott to get the full story on how he’s going to make his shareholders more money.
4. Wrigley Chewing Gum Empire Meets Cannabis
Another day, another big cannabis special-purpose acquisition company (SPAC) deal.
Beau Wrigley – of the Wrigley Company chewing gum fortune – struck a deal with Ceres Acquisition Corp. to take his cannabis company, Parallel, public. Currently, Parallel operates 50 retail stores and cultivation/manufacturing sites across 5 states.
The deal is expected to close this summer and follows on the heels of similar large SPAC deals, or what we call Cannabis Venture Trusts, that are making cannabis investors a lot of money right now.
Like Silver Spike Acquisition Corp. (Nasdaq: SSPK).
Silver Spike launched in October 2019 as a Venture Trust and made a blockbuster deal in December 2020, acquiring the parent company of Weedmaps, which is an e-commerce platform that connects marijuana consumers and businesses.
As you can see from the chart below, the SSPK stock price has gone ballistic, skyrocketing as high as 192% since it first started trading:
Source: National Institute for Cannabis Investors
To know when to make the right moves, you have something most mainstream investors don’t have – the National Institute for Cannabis Investors in your corner.
Looking back, 2020 was good. But the past is not a hammock. We don’t want to focus on what we’ve accomplished.
Because if you’re ready to make 2021 the most profitable investing year yet, this opportunity has the potential to get you up and running right away.
Partner, RADD Capital
One response to “Weekly Insights Edition: Wrigley Chewing Gum Fortune Meets Cannabis”
February 25 2021