Over the weekend, I spoke at the Toronto MoneyShow. I came back with news on cannabis investing — and an exclusive interview with an up-and-coming company.
First, the news. I attended a panel which included Steve Hawkins, president and CEO of Horizons ETFs.
Is that name familiar to you? The fine folks at Horizons run the granddaddy of the cannabis ETFs, the Horizons Marijuana Life Sciences Index ETF (TSX: HMMJ).
This year, they also rolled out two new Canadian cannabis ETFs.
- The BetaPro Marijuana Companies 2X Daily Bull ETF (TSX: HMJU) is double-leveraged to its underlying index.
- Their other new fund, the BetaPro Marijuana Companies Inverse ETF (TSX: HMJI), does exactly what its name says. It lets you bet against cannabis stocks. In Canada, anyway.
Horizons also offers the Emerging Marijuana Growers Index ETF (TSX: HMJR). So, the company has the bases covered.
Anyway, Mr. Hawkins projected that the global cannabis market would be worth $100 billion in the next three to four years. And the biggest market is and will be the United States.
He also pointed out that the biggest institutional holder of Aurora Cannabis (NYSE: ACB) is Vanguard Funds. So, one of America’s biggest fund companies is the biggest institutional holder of the world’s biggest marijuana producer.
That’s an interesting development, don’t you think?
I asked him about his favorite cannabis companies in the United States. I’ll save his answer for subscribers to my Marijuana Millionaire Portfolio. (Enrollment is currently closed. But you can give us a call at 877-934-7778 to get notified about any possible future openings.) But we already own most of those stocks in Marijuana Millionaire Portfolio.
Here’s one that isn’t on our buy list, but it’s recently popped up on my radar. And I think it should be on yours too.
An Illuminating Video
I also sat down for an interview with Chris Rebentisch, CEO of 1933 Industries (OTCQX: TGIFF). He appeared on a panel I hosted, too. But he gave me the scoop on what his company is up to. You can watch that video here:
|Direct link: https://youtu.be/zsIzsXi6M7c|
In a chat before the video, Chris told me that he believes concentrates and vapes are the future. That gave me an opportunity to ask him about the vaping scandal; how he thinks it will affect the industry.
He says it just shows the need for sensible regulation. According to Chris, the problem is caused by illegal vape makers who can and do put just about any chemicals into their vapes. But he also said something interesting:
“This industry pivots and moves. If you can’t move and shift with the tide, you’ll sink.”
Chris wants 1933 Industries to become the “Apple of Pot.” Good luck to him. He has a fine company. But with a market cap of $68.7 million, it has a long way to go. And, for now, it’s a tough market.
It won’t be tough forever, though. The bottom is coming in cannabis stocks, and probably sooner rather than later, as a massive legalization megatrend pushes select stocks higher.
When that rally comes, you want to be primed to go, and preferably locked and loaded. Otherwise, you might miss what could be a truly incredible rally.
All the best,
P.S. The Toronto MoneyShow is over. But there’s another fantastic conference coming up Nov. 1-4. It’s the New Orleans Investment Conference, and it is chock-full of great speakers. I’ll be there, as will some of the sharpest minds offering amazing insight on on gold, stocks, cannabis and more. Check it out right here: