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- Alan Brochstein
Tags
Stocks Canada Capital private placements investing
Biography
- 30 years of investment experience
- Began on Wall Street trading Mortgage-Backed Securities with Kidder, Peabody
- Fixed-Income Investment Management with CS First Boston and Criterion
- Equities Investment Management at Piedra Capital, which managed over $500mm
- Independent research and consulting for institutional investors from 2007
- Prolific contributor to financial website Seeking Alpha
- Cannabis industry
- Entry in early 2013
- Created first online subscription based service for publicly trades stocks, 420 Investor, in late 2013
- Publish monthly newsletter associated with 420 Investor
- Launched B2B website New Cannabis Ventures in late 2015 to provide marketing and communications services to private cannabis companies
- Extensive social media, including cannabis industry LinkedIn group with over 4000 members, over 10K Twitter followers and over 7K Facebook followers (all organic)
- Proprietary index for U.S.
- Proprietary index for Canada
- Extensive media exposure
Education
Northwestern University
Bachelor's Degree
1983 - 1986
Dual Degrees in Economics and in Mathematical Methods in the Social Sciences
Other
Certifications
Chartered Financial Analyst
CFA Institute
I think it is a stock-promotion scam! I see absolutely no reason to care about it at all, and why would "Anonymous" post it on this board? Maybe "Anonymous" is paid by the company like all the blowhards that post to me on Twitter about the stock?
This company promoting "CBD Coins" based on the blockchain looks sketchy. https://cbdoken.com/#our-team Do you know any of these people?
No, I am not aware of this, and I concur with your skeptical view of the company.
The valuations are high and most likely not sustainable based solely on future Canadian business, but when one factors in European and other opportunities, perhaps it's less troubling.
What do you think of Constellation Brands decision to buy a minority stake in a Canadian cannabis company?
Does it foreshadow more to come?
I think that it tells us that Canada is the global leader and that the alcohol industry is very interested in particpating in the cannabis industry growth. Cannabis products will likely slow the growth of beer and alcohol and even take share over time as they become improved (rapid onset, low dose) and available. It's a real validation of the legitimacy of our industry to see this transaction.
I am not an expert in ICOs, but I find them to be a potential landmine, especially when combined with all of the challenges facing the cannabis industry. I think that there could be a great role for blockchain in the cannabis industry and am tracking Tokken, for example. I have seen 4 companies positioning for ICOs, and I would be very careful in all cases. Lots of hype! We published a guest piece: https://www.newcannabisventures.com/the-dangerous-intersection-of-cannabis-and-cryptocurrency-icos/
I am not sure, but it takes a while. Even in Colorado, there is still a black market. High taxes are one policy that can help perpetuate the market. In Canada, we are concerned that legal market products will be so restricted that the black market wll be sustained to fill a void in what consumers want.
A common theme is that these companies relied too heavily on convertible notes without floors...
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