Horizons ETFs Management (TSE:HMMJ) Senior Vice-President of ETF Strategy Mark Noble joins Midas Letter to discuss the downturn in the cannabis sector - which in his contrarian view provides investors with a entry opportunity into higher quality marijuana companies. Mr. Noble believes investors are looking solely at company earnings and profitability while overlooking company strategies for growth, especially direct investment into foreign markets looking to scale the companies global footprint. The Senior VP highlights Organigram and Aphria's financials, as both companies generated a profit on Canadian revenues, but doesn't believe other top cannabis companies should be punished in the markets while extending themselves outside of Canada for future growth capitalization. And there is where the potential opportunity may lie. As of the interview date, the HMMJ ETF is still up around 12 percent, although the whole sector has declined around 30 percent in the last quarter. ************************ Check out our website: https://midasletter.com ************************ SUBSCRIBE to our YouTube: http://bit.ly/MidasLetterYoutube SUBSCRIBE to our 2nd YouTube Channel - Midas Letter Clips: https://bit.ly/2rtQzgy SUBSCRIBE to our Newsletter: http://bit.ly/MidasLetterNewsletter Download Our Podcast on iTunes: http://bit.ly/MidasLetterPodcast ************************ Follow Us on Twitter: http://bit.ly/MidasLetterTwitter Like Us on Instagram: http://bit.ly/MidasLetterInsta Like Us on Facebook: http://bit.ly/MidasLetterFacebook ************************ #WeedStocks #MidasLetter
Originally posted on Horizons ETFs Management (TSE:HMMJ) Opportunity to Scale into Top Marijuana Companies via George Scorsis Medical Marijuana News
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