Finding Opportunities in a Cannabis Market Meltdown

Published on
October 1st, 2019
Duration
15 minutes

Finding Opportunities in a Cannabis Market Meltdown

Trade Ideas ·
Featuring Shayne Laidlaw

Published on: October 1st, 2019 • Duration: 15 minutes

Shayne Laidlaw, cannabis sector head at Hedgeye, makes his Real Vision debut to discuss the outlook for cannabis legalization and to provide an update on the SAFE Banking Act. In this interview with Jake Merl, Laidlaw notes the growing concerns regarding recent vaping issues, drills down on his short-term bearish thesis for Canada, and highlights his favorite long and short ideas in the space. Filmed on September 30, 2019.

Comments

Transcript

  • PH
    Patrick H.
    3 October 2019 @ 15:29
    Shayne, Any insight into Ianthus?
  • JN
    Jon N.
    3 October 2019 @ 00:02
    Shayne, What are your thoughts on Village Farms?
  • JG
    Jose G.
    2 October 2019 @ 23:24
    Also is Cresco the general mills? I believe Cresco is one that might need to finance in difficult times.
  • JG
    Jose G.
    2 October 2019 @ 23:22
    Shayne what about Cronos and Harvest? Great video btw
    • SL
      Shayne L. | Contributor
      3 October 2019 @ 12:03
      We like CRON, especially after recent vape crisis led sell-off, vape will exist long-term this is just a near-term speed bump in our opinion. No current call on Harvest, although we have a long bias to U.S. MSOs.
  • JB
    Joe B.
    1 October 2019 @ 13:14
    Shayne, Any reason not to feel that TRUL CN is the best risk reward in the entire sector now. Given it's dominant position generating actual free cash flow, it seems to me that they could end up being the one left standing that can write a check to pick up licenses and or other small players across the country on the cheap. Any thoughts on TRUL?
    • SL
      Shayne L. | Contributor
      1 October 2019 @ 18:12
      Hi Joe, Thanks for the question, I have all the respect in the world for Kim Rivers and her team, but the domination exists in only 1 state, and competition is coming. They likely have a few more quarters of strength before serious questions around competition in FL creep into the conversation. Hope this helps! Best, Shayne