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A strategy where investments are made in companies that are providers of necessary equipment for an industry, rather than in the industry's end product. A pick-and-shovel play, in practice, could be within the oil industry; an investor would purchase stock in a company that manufactures seismic data equipment that exploration and production (E&P) companies need to find new oil and gas deposits, rather than on the E&P company itself.
“During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.”-Peter Lynch
This is a great investing principle that most people tend to overlook. When you identify a booming industry or stock, don’t forget to look at the companies supplementing that industry. For example, when Apple Inc. (AAPL) became successful with the iPhone, a lot of other companies supplying them with technology and raw materials also made huge money. With EnWave we can make money from all weed producers instead of competing against them.
Cost-Saving, Weed-Drying Machines
a "Pick & Shovels" Marijuana Play
Written by: Trent Blair
TSXV:ENW; OTC:NWVCF; FRA:E4U.F
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Alefia Health Inc. (CSE:ALEF; OTC:CAMDF)
Per Investing.com at time of Writing: STRONG BUY
ALEF is an LP with its HQ in Markham and its facility in Scugog Ontario. Through an M&A, it merged with Cannabo Medical Clinic (CMM).
- CEO is Julian Fantino and the CEO of CMM is John Philpott.
- Because this is a new listing and the stock of CMM was halted, there is not a lot of news other than the obvious – if you agreed CMM on its own was a value priced stock then what is CMM + an LP with prominent figures at the helm worth?
- See also the investment by Quinsam Capital later in this case study …
- Isodiol International Inc. Brand Ambassador and Spokesman Marvin Washington Making Headways on CTE Discussion at Superbowl LII
- Isodiol International Inc. Announces Licensing Agreement With Livecare Health Canada Inc. and Appoints Dr. Amit Mathur to Medical Advisory Board
- Isodiol International Inc. Signs Letter of Intent to Acquire 100% of Green Island Naturals
- Isodiol International Inc. Signs Binding Supply Agreement with Namaste Technologies Inc.
- Isodiol International Inc. Announces Letter of Intent to Import 99%+ Pure Pharma-Grade Cannabidiol to Canada From U.K. With Nuuvera [L.Kyron - APHRIA]
- Isodiol signs agreement with organic products distributor
- Isodiol International Inc. Provides Update on Be Tru Organics, Announces New Distribution Agreement
- Isodiol signs licensing agreement with Level Brands
- Isodiol International Inc. Announces Binding Agreement to Acquire Biosynthesis Pharma Group
- Isodiol International Acquires Global Rights to produce products under an Innovative Delivery System Patent
- Isodiol International Inc. Initiates Implementation of Blockchain Technology for Payment Processing
- Isodiol International Inc. Provides Update on Be Trū Organics™, Announces New Distribution Channel
- Isodiol enters Definitive Agreement to acquire 100% of C3 Global Sciences
- Isodiol International Inc. Signs Definitive Agreement to Acquire 100% of Be Trū Organics™
- Isodiol International Inc. Acquires 25% of Canadian National Pharma Group Inc.
- Isodiol International Inc. Signs Definitive Agreement to Acquire Bradley’s Bioscience Inc., and Closes Strategic Financing
- Isodiol International Announces U.S. Sales Launch of Hops-derived CBD Product, ImmunAG™