Cannabis: The Spectrum of Profitability

Cannabis: The Spectrum of Profitability

The march towards U.S. federal legalization has been accompanied by capital inflows from increasingly sophisticated sources. An inevitability for this sacred plant is agricultural commoditization with implications for each component of the supply chain along with...
Cannabis: Seven Avoidable Investment Mistakes

Cannabis: Seven Avoidable Investment Mistakes

It is likely that Cannabis will prove to be the best performing asset class over the next decade. While this provides a rare wealth-creation opportunity, the road to maturity for this emerging market is also unusually impacted by legislation, taxation, regulation and...
Deconstructed:  The Cannabis Pro-Forma Model

Deconstructed: The Cannabis Pro-Forma Model

The pro-forma financial model remains a staple of any capital markets transaction and it is the rare investor that disregards it. The logic underlying a corporate model highlights management’s investment process and is thus informative to the investor’s capital...