Specific plans let cannabis cos raise capital in 3Q20

by | Sep 20, 2020 | Free, Macro, Thematic Research

Here is the link to my article in MJBizDaily in which I discuss the common the reasons behind recent cannabis equity raises.

Capital is available on reasonable terms if a company can paint a high return use of the incremental capital. Merely funding more losses of an existing strategy is usually more expensive.

Ultimately investing is always looking for high returns on incremental invested capital (ROIIC), and such narratives corroborated by numbers will succeed.