Your Comps Are Wrong: Why & How to use Comp Tables
This article summarizes why automated downloads are usually incorrect for cannabis, how to use these tables, and the adjustments made…
List of Published Comp Tables:
Alcohol or Yoga Pants? Rising Rates Pressure Stocks, Comp Tables 3/5/21
Cannabis stocks are being driven by market dynamics and not fundamentals, creating opportunities for long term investors that can stomach the volatility. The rising correlations also present hedging opportunities: are you nervous about valuations after 4X gains in cannabis stocks but want
Risk Off February? Comp Tables 2/26/2021
For the month of February cannabis stocks peaked then declined. The stocks ended up 17% for the US operators and 23% for the Canadian operators, and both groups have declined since peaking around February 8-10 (-13% for US and -26% for Canadian)
Focus on the Embers, not the Flames: Comp Tables 2/19/2021
If the past few months of cannabis policy wins were the spark to light investor interest in the industry, the involvement of Reddit-based speculation in the past weeks was the gasoline to this fire. But when the gasoline runs out, the fire
Pigs get Slaughtered: Sundial Trades more than Faceook?!?
There is an old saying that “bulls make money, bears make money, and pigs get slaughtered”. If you’re fat on meme stocks, congratulations, you better get out now before you’re bacon. Tilray has increased 148% since last Friday, giving the pro forma
Party Like it’s 1999 – or 2004?: Comp Tables 2/5/2021
How do US cannabis operator valuations look when compared to other industries?
Cannabis Hits The Bid, GME & Systemic RisK?: Comp Tables Jan 29, 2021
Cannabis stocks rallied in January on legislative optimism, then paused following capital issuance, and perhaps an unrelated short squeeze. Will systemic risk or tough comps continue to pressure them? For the month of January, cannabis stocks rallied 19% on average in the
Capital Drought Over: Comp Tables Priced January 14, 2021
The capital drought in cannabis appears to be over. The past week saw furious rallies and a total of $1 billion capital raised, as operators know they will need cash over the long term. The opportunity is a multidecade one, and the
Blue Wave Nonsensically Drives Canada AGAIN – Comp Table for Jan 6, 2021
Canadian cannabis operators outperform US operators despite no fundamental benefit from US legal changes
2020’s Over: Comp Tables December 31, 2020
We review the returns and valuations for 2020 our cannabis comp table priced as of December 31, 2020
Comp Tables Priced 12/18/20 With PF Tilray & Subversive/The Parent Company
Our cannabis comp table priced as of December 18, 2020 can be downloaded below Last week was especially busy for the cannabis industry, and the comp table has been updated to include two new deals. In Canada, Tilray and Aphria announced to
Comp Table Priced December 11, 2020
Our cannabis comp table priced as of December 11, 2020 can be downloaded below Since the last public comp table on December 7, we have added Weedmaps / Silver Spike Acquisition Corp, taking the company guidance for the forward estimates from the
Cannabis Comp Tables Now Regularly Published to Members
Here are MJResearchCo we are resuming the publishing of comparison tables for the marijuana, hemp/CBD, and ancillary services. We will update these weekly for MJResearchCo Members Only (to join click here), usually with some commentary on the moves in the multiples and
Focus on Fundamentals at MJBizDaily & New Comp Table
Here is a link to my October 21, 2020 article in Marijuana Business Daily, Before election, focus on fundamentals, not emotions, in cannabis investing, in which I analyze the stock price and sentiment moves in the third quarter and the reactions in
2Q20 Earnings Closes US/Canada Discount on EV/S
The discount in US-focused cannabis stocks vs Canada-focused stocks is starting to reverse, at least on EV/S, following stronger than expected results in the US, while Canada remains beset by price pressure against the illicit market. Investors must not paint all cannabis
Sep. 2019-April 2020 Comp Tables at MJBizDaily
Comp tables for the cannabis sector published weekly from September 2019 until April 2020 can be found at MBizDaily at this link. These comp tables are dynamically adjusted for pro forma share counts and capital structures including in-the-money and convertible debt as