Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move: Interview with Craig Behnke and Mike Regan, Equity Research Analysts from MJBiz Daily’s Investor Intelligence; @MJBizDaily
Delta, Kelowna, BC –October 11, 2019 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.
Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/10111Interview-CraigBehnke-MikeRegan-MJBizDaily.asp
In today’s podcast I interview Craig Behnke and Mike Regan, both Equity Research Analysts at MJBizDaily’s Investor Intelligence, where we discussed their recent report Investment Assessment: North American Vape Market and how investors and businesses can weather this storm and even benefit from this current slump in the vape sector.
“While vape-related stocks have fallen significantly since the crisis began, declining an average of 56% since August 23, more negative news is likely until the crisis finally passes. As long as vaping is not permanently banned outright everywhere (which we view as unlikely), we expect longer-term value for patient investors that can ride out the storm,” says the newly released Investor Intelligence Vape Report
Craig and Mike both have previous experience in the investment management industry as equity analysts, focussing on more regulated industry, but were drawn to the cannabis sector, and MJBiz Daily, as Craig puts it, “I thought that the cannabis sector was one that was so ripe for, not just a couple of years of tremendous growth and a lot of interesting opportunities on the investment side, but I think it’s a secular trend that has 10 to 15 to 20 more years of incredible growth to go. I do think there is a niche to be had for somebody coming from a traditional investment management background and applying a lot of those techniques and processes to doing fundamental bottom up due diligence of cannabis related companies.”
Mike added, “Like Craig I see a once in a lifetime shift for an existing but outlawed industry, that will ultimately be a disruptive consumer product with a standard agriculture industrial supply chain and consumer facing brands and distribution at the end of the day.”
Discussing their recent report, Investment Assessment: North American Vape Market, Craig was quick to clarify that, “when we did mention some companies in this report, that was on page 3, we had cited several companies that had meaningful exposure either to the vape devices or the consumables, the cartridges. That was Greenlane Holdings (NASDAQ: GNLN), TILT Holdings (CSE: TILT) (OTC: TLLTF), KushCo Holdings (OTC: KSHB) and Slang Worldwide (CSE: SLNG) (OTC: SLGWF), they have anywhere from 50% to 80% of their business in the vape segment of the market. But I wanted to make something very clear, which is that none of those companies have been implicated in any way in the actual crisis that’s going on. I wanted to make it clear, and the research from the CDC has shown, that the overwhelming majority of the cases where people have been sickened by use of these products, 90% of the people, they’ve obtained either their devices or consumables not from licensed stores or licensed providers that operate in the legal market. We really think this a black market issue.”
Craig and Mike went on to discuss how this current “vape crisis” could stand to benefit certain companies in the cannabis sector, saying “there are a couple of areas that we think over time will come into a lot more focus, due to this particular crisis. One of the first ones we’re seeing a lot more focus on in the industry is seed to sale tracking within the industry. There are a couple of companies involved in that and we think that becomes a much more important part of the legal supply chain, where customers, and also regulatory agencies, are able to double check everything a long every step of the supply chain. We also think that perhaps increased tamper proof packaging, or something that has to do with packaging becomes a lot more prevalent moving forward. Like KushCo, actually is negatively impacted by this, however they do have a lot of packaging revenues which they could stand to benefit in a particular way if tamper proof packaging or holograms that need to be on the packages get employed on a lot more of the packaging. Also just the fact that if we do find out, and we think this will be the case in our opinion, that the issues are from the illicit operators in the market, we think that is a fantastic driver of people who have been consuming in the illicit markets to perhaps follow them into the legal markets and really drive home the importance that; if you’re going to be vaping, you really do need to acquire your supplies and devices from licensed and legal vendors because the stakes are so high. The consequences are so great that we feel that ultimately it does drive more consumers into the legal market.”
Craig and Mike went on to discuss the long term and short term impacts to the vape market, what investors should consider when assessing the industry as well as the future of the cannabis industry.
Be sure to come to check out the Investor Intelligence Conference 2019, kicking off MJBizCon WEEK in Las Vegas. Dec 9-10 at The Cosmopolitan of Las Vegas.
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