This is a copy of the May 13th edition of our weekly Newsletter, which we have been publishing since October, 2015.
Four years ago, cannabis stocks were for the most part aspirational, at best. Our readers who have been following the industry for a while certainly know what we are talking about and can appreciate the contrast between then and today, when we have dozens of publicly-traded companies that are more reflective of the industry, raising substantial capital and generating significant revenue.
With the improvement in the leadership of these companies, their capital position and their business prospects, we have seen better communication between the companies and investors. It’s now almost mandatory that cannabis companies include an investor deck on their website, and many companies are now hosting quarterly conference calls. Just in the week ahead, two companies that are included in the official Public Cannabis Company Revenue Tracker will each host a call on Tuesday afternoon to discuss Q1 financial results, GrowGeneration and CV Sciences. Also on Tuesday, Cronos Group will host a call in the morning. We can’t recall when three companies in the industry have held calls on a single day.
We are also seeing an increase in the number of events that allow investors to meet with management. This week, Organigram is chartering a flight from Toronto to Moncton for analysts, portfolio managers and accredited investors to tour its facilities. There is also an event in NYC on Thursday that will allow accredited and institutional investors to meet with the management teams at iAnthus, Khiron and LiveWell.
Finally, while the event itself is limited to clients of the firm, Canaccord Genuity is hosting its 2nd Cannabis Conference in…