Touring the ACMPR – Regulatory Meteor Strikes & Trip Wires

While the partisans take credit for predicting an easily predictable outcome, and governments opine on if/where people can grow a plant that appears to never have existed before now, it’s also pretty predictable to predict they’re be more convulsions and regulatory meteor strikes against the individual and businesses as this whole legalization thing goes down.And one could be forgiven wondering where this bunch was when oxy is/was getting pushed out by the metric ton (hey, was the packaging of fentanyl up to your standards?), they were too busy lobbying for tax policies to ensure physicians salaries were untouched.I’d suggest these other ‘stakeholders’ actually be…

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Cannabis as a commodity

FFS. If I hear that 'cannabis is not a commodity' from equity guys one more time, ugh. It's just so fucking dumb on the face of it.Let's rant this straight out. I got skin in this game.I got sneered and jeered from late 2015 on from every armchair warrior and dick with a keyboard that dope ain't a commodity. 'It's different' was the usual go to. 'Back alley schwag is not well manicured top shelf stuff' was another.As if quality is the definition of a commodity.Let's do the baseline. Is it fungible? Is it replicable via nature? Does it exist in natural form, and…

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Streaming as Financing

I knew getting into this would be a little heavy. It’s going to be a little long too because of reference material, so grab a java and get comfortable.Stream financing is a way to get capital when the collateral you have to offer a lender is only a powerpoint presentation and a great pitch.Pay special attention to the section in this streaming primer on ‘The Agreement’ section, because it’s the whole guts of this type of financing.This is also relatively familiar territory for myself. Although I’ve never been involved in streaming specifically, it’s my home turf wrt physical commodities and asset/derivative valuation.At the core…

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Aurora Cannabis Q2 F2018 Rundown

I don’t know how many of you folks actually spread quarterly financial statements. I do both the income statement and balance sheet, and then make a bunch of dives into the notes and the MDA to round out numbers with data I find interesting and pertinent to the analysis. And when it comes to the income statement, I do what is called “common sizing”. This is where I take all the expense items and measure it as a percentage in sales. By doing this the trends pop out more. Highly recommend you folks common sizing Inc Stmts if you are invested. I actually populated…

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