Over the past few days, I’ve been spending some time trying to regain altitude.
The Lift Expo was very energizing for me. I don’t leave The Shire often, and it’s important to connect and reconnect with the actual industry and people within it – to try and get a pulse on the thinking and activities in-sector. It’s easy enough to talk on the phone and read financials and face-time and email my brains out….and call me old-fashioned if you like……but nothing beats a face to face discussion over a long lunch or dinner.
Those connections can also get an analyst flying a little too close to the ground.
In speaking with corporate leaders or subject matter specialists, one needs to know they are working for and representing their own outfits, and have their own respective responsibilities and objectives. For an analyst, objectivity at both the company (and sector level) is vital. And occasionally it’s easy to conflate the two, or worse, get stuck in the weeds.
Lately, I’ve been recognizing exactly how small cannabis Twitter really is. How cannabis remains largely a pariah within greater society. How all the dreams of the pitch-decks over the past couple of years were just like the dreams of a kid getting a big box of Lego at Christmas: imagining they could put together the most best-est thing ever known to they eyes of man with the parts they have. At least until they realized that some parts don’t fit….that the kid down the block (ie: customer) didn’t see it the same way….that perhaps the family dog (ie: finance ministers) came and tore through the room and knocked everything over halfway…..or worst of all……that the box that they got only has half the pieces required to build it.
I’ve been hitting reset this week, and while it’s shown in reduced content here, we won’t put out anything until it’s nailed to our satisfaction and that our numbers reported are bulletproof.
We have gathered a whack of data, market sentiment is turning (at least for some), initial incoming 2.0 reveals in financials, and the impending growth of domestic retail in Ontario and BC will all support our analysis and forward looking thoughts.