How To Sign New Jersey Banking Agreement

Industry sign banking new jersey presentation free

hey what's good self-direct investors i hope you're all doing great and i want to welcome you back to my channel if you're new here my name is jordan i'm the mind behind make more capital and today we're going to recap this week in cannabis from february 21st to the 28th now before we jump in if you enjoy this video or you learned something all i ask is that you leave a like on the video as it really helps out my channel and then if you want to learn how to take advantage of this in generational investment opportunity make sure you subscribe but then i'd recommend going back and watching episodes three and four of reality check cannabis in 2020 to introduce yourself to us multi-state operators and then canadian licensed producers these are the companies that can legally grow sell and distribute cannabis and that way you can learn about them and watch episodes of this week in cannabis leading up until now because we've covered a lot but this is as good of a sponsor as you can get from a us organization because what uncle sam wants uncle sam gets and the irs chief international or internal revenue services chief says agency would prefer if cannabis businesses could pay taxes electronically yeah no duh so the head of the irs told congress this week that the federal agency would prefer for state legal cannabis businesses to be able to pay taxes electronically as the current legal cash-based system under federal cannabis prohibition is onerous and presents risk to workers now uh this to point out that a republican from ohio who serves as the co-chair of the congressional cannabis caucus said that borrowing cannabis companies from traditional cannabis services is inefficient for business and the business and the irs alike obviously not to mention the ample opportunity for fraud and the abuse it creates yes we know right that's what the same banking act is for so redding replies the irs would prefer direct deposits more so than receiving actual cash payments as it's a security issue for the irs security issue for our employers or our employees and our taxpayer assistance centers um you know they they get the money then they have to transport it themselves it's a security issue also for the hundreds of thousands of cannabis workers in the industry that can't open bank accounts or get treated normally because they work in cannabis so this is again i see this as amazing this is a sponsor from one of the biggest us organizations and again what uncle sam wants uncle sam gets because tax money makes the us go round so um todd harrison another tweet that's just very relevant to that coming after and again this is speculation this is not fact but we we've heard time frames before from ceos like kim kim rivers from true leaves saying 60 to 90 days and this would have been i don't know how many days ago but three little birds have whispered that the safe banking act will be introduced as a standalone bill the second week of march and that's less than two weeks away so again we just have to wait and see whether you know his sources again obviously not confirmed but the this echoes what brady cobb law offered last week in clubhouse so our eyes are wide open got to see the language of course but again this doesn't say that it's coming soon but with what kim rivers is saying and what the ceo seem to know and you know this sort of news is is very helpful for this so we just got to hope that the safe comes sooner than later which would be fantastic now internationally we've got more countries talking about cannabis now uh mexico was supposed to sign their bill in february and hopefully legalize by then but it seems that this has been pushed back to april so hey if you're a cannabis investor you're so used to these delays but to point out mexico is looking to legalize by april so we have april 1 as another deadline april 1 is an important deadline for new york to hopefully legalize and now for mexico to sign that bill into legislation so i'm not going to dive into much more because that's all it really says but we have an update from mexico which i wanted which is great now morocco aims to legalize cannabis for medical and industrial use which is awesome they aim to do this obviously or to give help impoverished farmers in the rift mountains considering a growing legal global market for the substance and again this comes after the vote in december for the u.n and the world health organization to deschedule cannabis and allow it as a medicine so this is just big because countries are paying attention how can we you know speed up our economies grow cannabis grow hemp yes the morocco cabinet is expected to approve the bill next week the bill seeks to improve farmers incomes and protect them from drug traffickers presently traffickers control the cannabis trade and again it cuts out the illegal market the black market it takes sales away so that's just great great news out of morocco um and for the london exchange is open now apparently london is open explores the path for successful medicinal cannabis and cbd companies seeking to list on the london stock markets this year this is great news because it's opening up this whole idea and concept in the uk and i've got some uk investor friends that that are taking advantage um now am i going to invest in any of these companies no absolutely not because again the people that are going to make money from this first rush of news are the people that have starting these companies and have shares at five cents they're going to make money when they run up to 25 cents or to a dollar right point is i've said this many times if the companies are not making revenue yet do not bother do not touch it same goes for psychedelic uh mushroom stocks right now again if there's no revenue i'm not going near it but i just wanted to point out that this is news you're gonna be like oh my god this news is huge this is amazing but i think it's just more important to check if are these companies actually bringing in revenue is there any money being made otherwise this is just news and earlier investors are going to sell you know sell their shares once more people start buying on that's sort of how that works but just want to point out that as a uk investor i think trading 212 allows you access to us msos like true leave like green thumb like cresco and like your leaf so i would certainly recommend if you're in the uk to consider that option um but again it's just it's good awareness the conversation is starting uk investors want access to cannabis markets and this is positive for the uk opening up their own potential medical and adult use market but is it legal in the in the uk yet no it's not legal so again this is by the news type of stuff but i'm i'm not buying it at all great stuff though so um now to to jump to tom angle again the main the the writer for or i think he founded marijuana moment but now nearly half the states 23 are now considering bills to fully legalize cannabis not decriminalize or allow medical use with several more expected soon now there are a lot of states and i decided to just try and compress this section because it can take more time but new mexico and what was the other state kansas have introduced well new mexico was more for legalizing adult use kansas was for medical but those are states that for the first time just bring up the conversation which is what we want to see but hey again as new jersey followed in their as new jersey basically did what they needed to do and hit their deadline as we mentioned connecticut governor touts cannabis legalization ahead of the first hearing at a press conference well to build support for his plan to legalize cannabis uh the connecticut governor ned lamont and other backers described the proposal as a thoughtful data-driven measure it's been a long time coming yeah no you just needed new jersey to do it now you're doing it that that's the simple truth but hey again it's great it's progress and we still have new new york who's likely to follow connecticut especially if connecticut goes first uh and we have april 1 to expect for that that's literally like a month away which is crazy now dc mayor introduces legislation to decriminalize adult use cannabis sales very interesting but this doesn't legalize it so you would be creating a legal you know you'd just be creating a really big black market which makes no sense um so people can grow their own and supply their own or you can have you know organized crime but anyways doesn't make sense to me but pointing out if the safe cannabis sales act of 2021 is passed by the end of the year adult use cannabis sales could begin in october 2020. so maybe adult use is already legal in dc and that was one of those as it's not a state it's treated differently i don't know fill me in if i'm wrong um but anyways dc talking about it uh that's good news pennsylvania lawmakers to introduce adult use cannabis bill uh main thing to point out adult use so this would be for legalizing for recreational pennsylvania has 12 million people that's a large population that is something that we want to look forward to because again that is opportunity and pennsylvania already has medical legal so they've got a great foothold there already and they want to see some progress now cannabis legalization proposal in maryland is introduced to the general assembly and maryland has a population i think 6.8 million so again this is just a bigger market that already has medical established and all they got to do is flip the switch and open up the legal adult use and then lastly alabama senate al freaking bama approves medical cannabis legalization bill coming out of one of the red estates you can imagine um you know this is great on wednesday they approve the bill to legalize cannabis in the state so at least you will have less opioid overdoses in alabama guarantee that and i'm very happy to announce that so uh one thing to point out j tao the rapper uh great so like this is this was true right as new jersey announces and this is big for the u.s look at how just you know msnbc or maybe it's cnbc yeah it's not msnbc cnbc but just look how out to lunch these news anchors are they have no idea what's actually going on earlier this week new jersey became the latest state to legalize and decriminalize marijuana use and possession after governor phil murphy signed legislation into law joining us now so i do apologize that the sound quality is very bad but basically she's recapping look this is another milestone new jersey just legalized she doesn't know that that's going to cause connecticut new york and all that and then look who they bring on to talk about you know not cure leaf ceo boris jordan not any usmso and the ceo stock prices a francine or win simon until ray ceo brandon kennedy gentlemen really like seriously you bring in the canadian ceos to talk about the developments in the u.s market like obviously they know about it but it just makes me wonder right and one thing to point out that this is super interesting and i just want to give the contrast because powerful house dem bought cannabis talks after pushing decriminalization now this tries to make it sound like he's a really bad guy um but like when you read between the line it's just a guy that's like oh wait we just passed a bill which means cannabis is going to be possibly legal soon and you know this is a growing industry huh there's money to be made yeah no duh like it's really easy to come to that conclusion but so just the chair of the house the powerful house budget committee recently purchased 60 000 worth of stock and cannabis related companies while at the same time supporting decriminalization of the drug i don't think that i think this is actually good he's not using insider information he's literally passed a bill and probably watching tv but this is the funny part john yarmuth democratic kentucky bought one bought between one thousand five fifteen thousand worth of shares in the canadian license producers he bought aurora canopy chronos group and tillery the companies that are the most expensive and have the most downside according to this disclosure form and the purchases were made a little over two months after the house passes the cannabis opportunity or marijuana opportunity reinvestment expunge act to build co-sponsored by yarmouth in september which seeks to discriminate decriminalizing the scheduled cannabis the measure's not yet been voted on in the senate now i got to point out this is very different than last year when those two politicians in february sold all of their investments before the covid crash like that is that should be illegal 100 that's insider trading but really what this just tells me is this is a guy that is you know paying attention to what he's doing and realizing that like wait if we do push for legalizing cannabis descheduling and all of this cannabis reform which is good for america right that's the most important thing then if he puts his money in these companies but he doesn't even understand that these canadian companies aren't in the us yet so what just this tells me that john yarmouth has no idea about the us msos which is just like he's just a guy investing based off of what he sees on tv and you know nothing more nothing less so just point out like three years ago when i didn't know any about anything about investing or i didn't self-educate i would have just easily said oh no this is so bad you can't allow that government but yeah no it's changed completely because i realized something i can do exactly what he's doing in fact i can take my time and i can do it better than he's doing so i just wanted to try to distinguish like there's definitely bad politicians and there's been examples of politicians using insider information to make trades that should 100 be illegal but something like this when you actually break it down that's really all this guy likely did and i mean what's stopping any of us right so i i want to point out that with a proper education and understanding of how things work you can make money and then if you're a good person hopefully you know yeah and then you get that money you can do good things with it that's sort of the hope as opposed to you know unfortunately bad people making money and then wasting that and and anyway anyways just wanted to point that out let me know what you think about that but like essentially i i don't see this as insider trading i see this is just him like i want to do this because the long-term effects are better for the people and i feel confident because we've literally just passed this bill kind of thing and had he done this in september without knowing that the dems would flip the senate in in january or wait no sorry he said he did it in february it said that he did it after two months after the pass the bill which would have been in october so anyways just pointing that out anyway now we're gonna move on true leave cannabis corp announces release date conference call uh they are march 23rd okay so this is awesome we've got the third mso to announce it actually i'll just jump ahead and air is now announcing their uh earnings march 11. so we have cura leaf on march 9th air now on march 11th um green thumb industries on march 16th and now true leave on march 23rd cresco has yet to announce harvest health and recreation is yet to announce um so we don't know yet but uh that's just that's awesome we've got i like how they're spread out so we could see these catalysts like you know the prices just kind of keep going on as all these companies do well maybe there's a bought deal in there maybe there's some information but that's awesome and i just want to point this out truly partners with the third good marshall college fund to provide college scholarships so again if you're thinking about investing in these companies these are groundbreaking companies you don't see many companies donating to scholarship funding leadership development in these underprivileged communities that they're trying to actually fix because you know they're not even associated with the war on drugs none of these companies but they're just trying to prove that you can treat cannabis companies like any other pharmaceutical company or any other you know to acco or alcoholic beverage company despite the fact cannabis is way healthier for you but what this is doing just you know if you don't take the time to look it's so easy to say that these cannabis companies are evil or oh they're just to be another big industry but yeah well that's just how the world is now and you have to understand that you got to learn how it changes and you got to learn to play the game that's how it works but um what they are doing is the nation's largest or so they've partnered with the nation's largest organization exclusively representing the black college community they'll donate 20 000 to help fund several college scholarships awarded to students who are attending one of the organization's member schools so look it's just it's an effort it's an effort to write the wrongs of the war on drugs that truly literally had nothing to do with but truly is still being affected by the unjust laws that are in place but again thankfully folks we're getting close to that changing now um i do not know much about how innovative industrial properties works as i mainly cover msos and innovative industrial properties is a real estate investment trust but again just wanted to point out is that the main thing you want to look for in these companies and where you're going to see it is us msos or u.s companies is this massive year over year and quarter of recorder growth so just to point out acquisitions and portfolio performance drive fiscal year 2020 100 or 162 year-over-year growth uh in total revenues 191 in net income increase uh and 180 in something about cash flow uh going in in dividends kind of thing i don't know what that stands for but um just wanted to point that out so again u.s is where the growth is happening if if you're not seeing growth numbers like this there's not as much potential upside uh you know if they're trading at book value now just to to flip that and show a canadian company in retrospect chronos groups announced their q4 you don't see any highlights of growth here because chronos is a fascinating case of a company and i'm pretty sure that altria the maker of um marlboro cigarettes and all those um basically ultra invested a billion dollar two billion canadian in chronos at the same time consolation brands invested five billion in canopy and what this tells me is that ultra is just going to buy out chronos at some point kronos is property of ultra and altria is basically funding kronos to figure out the science of the cbd vape technology i believe or you know that's what i think but if we look at their revenue total consolidated net revenue for for this quarter um up 17 million from seven million uh a year ago for you know growth of 133 but that's 9 million to 17 million and truth is kronos is valued at 4 billion 4.7 billion and they're making you know total year-end they made about 46 million this year uh gross profit losing money uh lost less money than they did last year but just to point out again cash and cash equivalents they just keep getting fed cash from altria and that's what keeps them afloat that's what kind of keeps chronos a solid investment that's why they have a massive cash flow on their balance sheet so that's why despite being valued at 4.7 billion and only making 17 or 46 million for the whole year you know people can still justify them being worth 4.7 because they have so much money on their balance sheet now um is hexo blowing smoke on their euro entry via xenobus deal yeah for sure right and i've pointed this out it's like hexo making this announcement that they're buying them sounds good for hexo in the moment and if you don't understand the functions of xo or you know how there's little so little growth in europe right now until you know more change actually comes records shows xenobus has yet to sell a gram on the continent so yeah on february 16th shares of hexo shut up 22 after the auto base producer drew big headlines for its 260 million all-star deal to secure a foothold in europe transaction gives hexo immediate access to the european cannabis market through xenopus local partners with an established facility in the european union supplying pharmaceutical products to the european market the deal is expected to close in q2 of 2021 however xenibus european business is set up through a complex joint venture arrangement that's still in the process of applying for final licenses to finally sell cannabis in the region um and so again just to point out i've said this many times for analysts hexo's european entry is underwhelming and overplayed most believe the real opportunity lies in the u.s as the country's top lawmakers discuss federal legislation because they sold 18 billion dollars in cannabis in 2020 alone and just to point this out this runs similar to this whole idea of like news is is very appealing if you don't know the underlying story but um that's exactly how i feel about this yeah would i would i consider this a good deal for exo no i mean i'm it doesn't make me want to turn my eye and invest in them now right so just trying to point that out the real difference between these small lps versus actual small msos fire and flower enters u.s cannabis market through strategic licensing partnership and acquisition option with american acres just want to point this out because this is the second deal like canopies where new option to purchase drives retail expansion but again this is of course pending um pending yeah the acquisition is except expected to occur the federal legalization of cannabis of adult use cannabis in the u.s or when others permitted um by policies of the toronto stock exchange so basically it's an option and they've made a deal so that hey if this happens in the u.s legalization does come sooner than later then we can exercise this deal and we buy that company so it's just interesting makes me wonder do the ceos of fire and flower know something we don't uh much like canopy ceo they're very optimistic uh and we're seeing that it looks like there's progress on the safe act all these are just good things and ultimately good momentum for this industry overall and last thing to point out canopy is actually introduced a study global registry for the use of spectrum therapeutics which is their medical brand for cbd cannabis products with subjects in subjects with chronic pain so their primary objective to describe patterns of physician selection of uh spectrum therapeutics st their medical cannabis treatment regimen expressed as the average daily dose of thc and cbd milligrams and basically what they're saying is is cbd and thc uh equivalent to like you know painkillers can they have the same effect and that's what they ultimately want to study which is great i just i almost wish that this study was introduced three years ago two years ago because when you just look at the how long this stuff takes the actual study start date was november 25th 2020 this is again why i'm cautioning people with shroom stocks if you're up consider selling for loss just because estimated completion date not till january 24th 2023 and then study completion date would take till june 4th 2023. so if you're invested in a shroom stock company and you don't know how long their trials are going to take for the results you better go check that out so anyways it's good that canopy is taking the or you know leading and uh getting the ball rolling with these but you obviously gotta look at the fine print and the details otherwise you just might suffer a lot of opportunity costs now i wanted to introduce this podcast episode because it was fantastic uh they did again talk to todd harrison i know i mentioned him a lot but he is a genuine guy that has experience on wall street for many years and since then he's kind of it's just been doing his own thing and he talks about his his viewpoint with cannabis as like a medical medical ingredient uh and and just the future of it i really like his input so i would recommend watching that now i found a company that i thought was such a good deal that i have to just show you a comparison of them folks and it says tilt holdings it's an mso in the us that also has vape technology that does deal in the us and canada now main thing to point out is just look at tilt okay that the market cap is 200 225 million dollars so if you take the market cap and then if you were to google how many outstanding shares does tilt have and then you divide the market cap by the number of shares you get 70 cents that's how we find the the share price right so again share price is not important what's important is the market cap and to compare i just want to show you columbia care another great mso with a lot of potential their market cap is two billion okay so as we can see columbia care is worth eight times more than tilt because they're worth two billion tilt is worth 225 million and if you add up 225 million something like that eight bill it would fit into two billion eight times right now let's look at this for the financials if we actually look at tilts financials quarterly they're not growing a ton they're growing though substantially but so far this year they've brought in 154 million dollars in revenue uh and they have a gross profit of 58 and they're increasing their profit over time um and you know their operating income is a bit all over the place but again 154 million this year in total revenue after three quarters and they're valued at 225 million unbelievable now if we just jump over to columbia care to kind of compare colombia care is valued at two billion so but their financials they they've only brought in 126 million this year but they've cost of revenue is extremely high so they actually have not even turned a profit and if you just look like sure their month over month growth looks a bit better but their operating loss is much more so ideally it's like till do you guys see the difference here so 126 total revenue negative profit valued at two billion well again tilt bringing in 156 million is valued at 225 million so you know i had two thousand dollars that i was planning to again average down into cresco but i found tilt on monday night when i was facetiming with my friend and i was like hey man i just this is really interesting company i started looking into it and then he was holding his vape i said can you show me that and it was literally the same vape he had bought it without realizing that it was tilt technology from one of the dispensaries in canada how it was like one of those okay cool and so just to zoom out if we look at the five days i ended up getting in at 69 cents on monday or tuesday and it like this past week look how strong it's held it has not dipped below 67 cents which to me is fascinating and we look at how much more volatile columbia care is uh it's it's heavily heavily up and down um and and again if we just go zoom out five year chart for whatever reason when tilt came out people were very excited on it and then it hasn't gone anywhere close to since where cress or columbia care zoom out it's not as as clear so again i'm just pointing this out i did end up buying uh 2300 shares worth so it was about 1800 just because i was like you know what if if tilt is making more money than than columbia care then tilt has at least enough upside to to multiply by like the go up by eight times to match with columbia care now again it's hard to justify that and just straight comparison but this is like if you were to compare two companies making the same amount of revenue columbia care is valued at two billion and tilt is valued at 225 million that's like buying tilt like let's say columbia care is a dollar it's worth a dollar you're paying a dollar to own a company that's worth a dollar whereas tilt you're paying like 15 or 15 cents to eventually own a dollar in the future so again this is the idea of a company with a large margin of safety they're undervalued uh just in terms of what like i don't know how they're so undervalued but they are now again there's a lot of other factors to point out but i just bring up this chart last and since i got a new laptop you should be able to see this nice and clear hopefully but if we go to tilt this is what i noticed they have 81 million in debt so if you subtract that 81 million in debt they're still trading at their market cap and from these prices this is again this is the u.s ticker so the canadian ticker would be more expensive this would have been when tilt trading in canadian dollars was in the 70s 70s range so the prices since this was made falling down and then what i noticed i was like yeah so if we were to look at what's tilt actually worth 376 dollars and we subtract the debt you know you're looking at 295. it's still trading at book value to its market cap so like there's no future growth baked in if we go along they've got one dispensary open with three licenses so they can still expand but look at their projected revenues for 2021 they're gonna make 263 million and for 2022 they're going gonna make 349 million that's more than their book value right now and like if you look at their enterprise value to sales they're literally trading at a .9 sales even less than that since the drop so this is a gift to you folks do your own research obviously but i did invest because all of these little things was like wow um i'm gonna take some more time later today to look through and just make sure that everything's good and their financial presentations but i found tilt and i was like you know again this is high risk but it's just it's so cheap it's so cheap relative to again where columbia care is valued at 2.8 billion again this is in u.s dollars um making similar numbers like tilt is going to make more money than columbia care this year um and although columbia care is going to grow more in the next upcoming months right you can see that tilt is not expected to grow as much but tilt is just trading at a significant value to what they're actually worth so i hope i know that was a lot uh and i made this a bit longer than i want to but i hope you find that valuable again though go do your own research don't just jump in but obviously everything i've presented is like i look to check through their website and stuff and and everything checks out so there's nothing that i haven't found yet but if you know something about tilt that i don't please comment in the description and let me know uh because obviously it's either just a significantly undervalued company which is a great opportunity um or there's just some crazy corruption going on behind the scenes that we don't know of but considering yeah they have that vape technology um the intellectual property and the i then they're selling the they to to canadian companies plus having their own mso operation that diversifies them in the us and i think that's just that's a healthy company that is again just trading at a massive discount so folks that is it for today hope you enjoyed this episode if you did please leave a like and subscribe if you want to see more videos and then i will catch you on wednesday for a midweek update of this week in canada's have a great day everybody