CCIM: Changing gears to the industry itself, we firmly believe that investing in the legal Cannabis and Hemp industry at this time is ideally suited to both the traditional Retail Investor as well as, and perhaps paradoxically, the “contrarian investor” since recreational use is illegal at this time in the USA (Federally) as well as in Canada and medically is legal on a state by state basis south of what refer to as the Cosmic Curtain (49th parallel) and legal throughout Canada. Would you agree that this industry is indeed ideal to the traditional investor as well as contrarian investors?
QCA: The Canadian marketplace offers very favourable dynamics for a “traditional” investor. The legislative changes create an environment where very strong growth in revenues and earnings is highly likely. There is every reason to expect that over the long run this will be a recession-resistant business as are alcohol-related businesses and food businesses. At the same time, institutional investors are largely avoiding the space for a variety of reasons. We think that this adds an interesting contrarian element. We think that in time the institutional investors will embrace the space.
CCIM: I would like to take this opportunity to thank you for your time and your candid answers. Existing and potential investors will benefit from your candid and plain responses. Is there anything else that existing and potential investors should know?
QCA: When investing in small cap or growth sectors, I have always been a big believer in diversification. We keep this in mind at Quinsam. All Canadian small cap and cannabis investors should do the same in my view.
Louis Kyron: CCIM
Roger Dent: QCA
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Quinsam Capital Corporation