The third wave of cannabis is picking up speed


The third wave of the cannabis stock bubble is here, and this will be the largest. After two previous bull runs in which Canadian companies dominated in terms of market capitalization and trading volume, this time it is America’s turn.

It is important to understand the unexpected convergence of circumstances that has resulted to catalyze that next leg.

First and foremost, the Democratic slate victory last November radiated a long-awaited glimmer of hope for the prospect of a federal cannabis regulation, which is a prerequisite for the international cannabis trade.

The second major development was the excitement of the former Republican-controlled Senate in Georgia, which turned all three branches of government into democratic administration.

To say this is the perfect storm is no understatement. The stars are now aligned, and the Biden government’s first glimpses suggest action is being taken against its federal efforts to decriminalize cannabis and in support of initiatives to make cannabis a pharmacologically emerging star.

Companies are already in tears, and few big-name companies are still under the radar or have yet to become public.

One that I shopped into when it was the largest cannabis SPAC in history that I merged with Jay-Z is the parent company and is now preparing for a NASDAQ listing, which is expected to take place this year.

The parent company currently trades on NEO in Canada under the symbol GRAM.U and in the US under the ticker GRAMF.

Jay-Z’s involvement is likely the signal that celebrities will seek to target their brands more aggressively on cannabis if the Biden government adopts a federal strategy.

According to Michael Auerback, who put the SPAC together specifically for the cannabis business, the company is the umbrella for Caliva, a California retailer with over 1 million customers and 200 pharmacies across the state.

Jay-Z also rolled his (pun intended) to be monogram Premium cannabis brand in the company that raised $ 570 million prior to the merger.

The population has been relatively quiet so far, but fireworks can be expected in the course of the year.

Another cannabis SPAC that has increased over 50% since we reported back in December is Clever leaves holdings (NASDAQ: CLVR), a multinational cannabis company with production facilities in Colombia and Portugal and import business to Germany as well as a nutriceutical operation (without cannabinoid) in Phoenix.

CEO Karl Detwyller was my guest on the second day of trading on NASDAQ, and the stock is trading above $ 15 at the time of writing. He says he considers Clever Leaves to be one of the world’s largest suppliers of medical cannabis worldwide.

And not be left behind in the third wave Canopy Growth Corp. Bruce NASDAQ (CGC) founder and former CEO Bruce Linton is preparing to launch Gage Cannabis in the public markets shortly, which will bring Bruce back to the global cannabis (and Midas Letter) stage in a big way.

Gage cannabisThe Toronto-based company, which operates primarily in the state of Michigan, had sales of nearly $ 2 million in 2019 and brought in $ 50 million for our most successful Regulation A funding ever for a cannabis company $ 1.75 per share.

We’ll be inviting Bruce for an interview shortly.

These are the three new premium cannabis games that I like the most. I am a shareholder in The Parent Company and will likely be a shareholder in Gage Cannabis once it goes public. The Reg A deal sold out before we could get a foot in the door.

There will be more duds in the cannabis room than you can shake a stick, so now in this third wave, having an inside look at what is going on in the room is more critical than ever.