The Validation of Valuations
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Sometimes a Hostile Takeover Bid is just a Hostile Takeover Bid …
When our Canadian edition was published in January, I was approached by a few who were concerned that my proprietary metrics used to derive our Canadian stock list must have had some bugs in it because we had Trulieve Inc (CSE:TRUL) in the #1 position and it seemed to them odd as nobody else they followed were even discussing this company let alone raking it #1.
TRUL’s share price was $11.09 when we published that list and at time of writing it has increased to $16.50 - almost 50% increase in less than a month. The Canadian Marijuana Index in that same time was up 28%. For those wondering why I am referencing a Canadian company, TRUL is based in Florida and just won a landmark case. That case may become precedent setting meaning one more nail in the Federal Government’s prohibition coffin.
With the passage of the farm bill, we have seen unparalleled interest in this industry and in particular from the Retail Investor’s Perspective. Our feature company this month was quick out of the gate to applaud the bill’s passage.
We always recommend that you also subscribe to our Canadian edition and for good reason because that edition’s December’s case study was on The Alkaline Water Company – well before this company appeared as a blip on the radar of others and a full month before appearing on the cover of our Canadian edition. Having access for free to what is, in my opinion, the global leader for content, awareness, education, and investing in this industry will always be your advantage. Why pay a fee to others for ‘after the fact’ news and often only about the companies cutting a cheque to be included in the promoter’s portfolio?
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