Rescheduling Reaction and Earnings Review With CannaVestments
Nick Gastevich, known as CannaVestments online, joined us this week. He is one of the most experienced cannabis investors and manages a family office that is active in the space.
We discussed cannabis stock’s adverse reaction to the positive momentum on rescheduling and debated time frames for a final ruling. The heart of the conversation centers on first-quarter earnings, and we evaluated top-line growth and EBITDA conversion and analyzed cash flow metrics.
The conversation concludes with an evaluation of different factors investors can use when analyzing cannabis stocks.
The skinny
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