JohnCM Investment Corner

[JohnCM]

INVESTMENT TOPICS 11/15/2020

ZOOM meetings 5:00pm PST Saturdays every 2 weeks
www.meetup.com

HOT STOCK FLASH

This is one of the few U.S. MJ companies that has not been noticed yet.

Harvest Health Q3 Revenue Grows 11% Sequentially to $61.1 Million HRVSF

November 10, 2020 at 4:29 pm
Published by NCV Newswire

Harvest Health & Recreation Inc. Reports Third Quarter 2020 Financial Results
Third quarter revenue was $61.6 million, up 86% from the third quarter 2019 and 11% sequentially
Third quarter adjusted EBITDA was $10.5 million, compared to $4.1 million in the second quarter of 2020
2020 revenue target increased to greater than $225 million, up from $215-220 million

High Tide Inc: Overlooked Pot Stock Just Reported Some Big News
cannabis retail stock High Tide Inc Stock up 225% Since March HITIF

www.stockconfidential
September 2020

High Tide Inc (OTCMKTS:HITI, CNSX:HITI) is an unjustly overlooked pot stock with exceptional long-term growth potential. The cannabis retail chain, with operations in both the U.S. and Canada, just reported strong third-quarter results, swinging to third-quarter profitability.

At the end of August, the company announced it was acquiring competitor Meta Growth Corp (CVE:META).

With this acquisition, High Tide is set to become the largest single cannabis retailer in Canada, with annualized proforma revenue of $133.0 million. To put this into perspective, in fiscal 2019, High Tide reported total revenue of $31,294.

Columbia Care Q3 Revenue Increases 71% Sequentially to $48.7 Million CCHWF

November 12, 2020 at 4:32 pm
Published by NCV Newswire

Columbia Care Columbia Care Reports Record Third Quarter 2020 Financial Results, Transitions to Generating Positive EBITDA

Record 3Q Combined Revenue of $54 Million, an increase of 64% QoQ and 145% YoY.

This is the big news in regards to U.S. Cannabis companies. Get familiar with the term “arbitrage play.” This is in regards to buying shares in a company that you believe will be purchased by another company. For example, buy 1,000 shares in XYZ at $10.00 per share. One month at later ABC makes an offer to buy XYZ for $17 per share. When that news is released, the share price of XYZ will skyrocket to approximately $17 per share. At this point you sell and bank a profit of $7,000
When the U.S. legalizes Cannabis, the BIG companies will be fighting to buy the upstart U.S. Cannabis companies.

BIG TOBACCO
BIG BEVERAGE
BIG ALCOHOL
BIG PHARMA
BIG CANNIBUS (FROM OTHER CONTRIES OR THE U.S.)
BIG CHEMICAL
BIG AG
BIG RETAIL FOOD
BIG NUTRITION/SUPPLEMENT/VITAMIN

UPDATE
I have exited my inverse/bear ETF ETN positions in regard to NASDAQ DOW mid cap stock. I picked up an ETF crude oil fund long/bull Direxion Daily S&P Oil and Gas Exploration and products
DOW Feb 2020 28,841 Nov 9m 2020 29,704 (This does not make a lot of sense to me other than you are looking at an annualized return between Feb and Nov of 4.5%, which is reasonable, if we WERE NOT in a pandemic).
NASDAQ Feb 2020 8,892 Nov 9th, 2020 12,013 (Perhaps 85% of this move can be directly tied to “stay at home”). This is an annualized return of 48%.

This crazy year and the stock market

What do we know?

Wall Street always looks ahead, approximately 6 months, unless there is an unexpected, singular event which it may react to. With a possible, successful vaccine, the economy can return to normal in about 9 to 12 months. The market may bridge the 3-month gap. We have certainty in the White House. Good. We have low interest rates for another 2 years. Good. But we have an overextended NASDAQ, fueled by speculation, low interest rates and the “at home” play. The DOW is 250 points from its all-time high. We may not have a huge sell-off like we had in March of this year, but we may have a substantial “profit taking” event. The question is, do you need to protect yourself from another “black Friday” or Monday? It does not appear so. Look at each of your stock positions. If you have a sizable gain in one, take a percentage off the table or “short” some or all of your position. Assuming you are “green”, you certainly want to protect your gain. Also, you want to be invested in the right sectors. Hotels, travel, crude oil, airlines, cruise ships, entertainment? IF the vaccine is proven out, there will be a multitude of sectors and stocks that will benefit. Now is a good time to research which ones have been the most beaten up. Cruise ships, movie theaters, restaurants, entertainment (see LiveNation)? As for me, I am overweight U.S. marijuana and CBD.

For the past four years, the Trump administration has been good for the stock market. Pro-business and con regulations and restrictions with a lack of environmental restrictions and otherwise. Certainly, this has been the case from 2016. But now, is it possible that the thought of "four more years" was actually holding the markets back? Trump wanted to keep the economy open, but at half-mast, with an uncertain endpoint to the pandemic. Look at the market's response to president elect Biden! He has plans to restrict the opening of the economy, but we will reach the virus "light at the end of the tunnel" sooner. I am keeping an eye on the current level of the DOW and NASDAQ verses earlier this year February. There is talk that a Biden presidency will loosen up worldwide trading activity, or increase the amount of goods sold to the rest of the world.

You can question these market moves all you want, but in the end, the trend is your friend.

3/2/2020: 1,293.96

The first trading day of March turned in the Dow's biggest one-day point gain of 1,293.96 after stocks had the worst weekly performance since the financial crisis. This morning, pre-market, the DOW is up 1,553.00.

FUTURES 11/09/2020
DOW +343
NASDAQ +251.75

Relief (Biden win) rally?? [ ]
Anticipation that we will overcome the virus sooner than later? [ ]
Typically, a Trump win would be positive for the markets.
Which is it?

Crystal balls don’t work. Fortunately my inverse ETF positions are approximately only 17.5% of portfolio.
"Relief rally?"

11/08/2020

Dicey, complicated and confusing marketplace. Not even the most seasoned traders would be completely confident in their trading position, outlook and approach.

#1. Low interest rates. VERY good for the markets for another 24 months.
#2. Biden win (a) relief rally? (b) will never be as good as a Trump win. I see NASDAQ flat (covid-19 a plus and Biden a negative) with the DOW down.
#3. Biden pro-cannabis. Good for American cannabis stocks. Even the cheaper, crappier ones. I tend to avoid Canadian companies.
#4. If Democrats took the Senate, I would sell my car, house and boat and plow $$$ into cannabis. (That will not happen).
#5. The longer covid-19 stretches out, the longer names like ZOOM, NETFLIX, AMAZON, FACEBOOK, GOOGLE, etc. will do fine. ALTHOUGH they have already made a major move.
#6. I am still holding inverse ETF in DOW and NASDAQ. Not really a sizable position.
#7. Proceed at your own risk. If nervous, move to 25% CASH, or 50% CASH or 75% CASH, or 100% CASH.

Here is a transcript of Mr. Biden’s remarks as they were prepared for delivery.
"My fellow Americans, the people of this nation have spoken.
They have delivered us a clear victory. A convincing victory.
A victory for “We the People.”
We have won with the most votes ever cast for a presidential ticket in the history of this nation — 74 million.
I am humbled by the trust and confidence you have placed in me.
I pledge to be a president who seeks not to divide, but to unify.
Who doesn’t see red and blue states, but a United States.
And who will work with all my heart to win the confidence of the whole people.
For that is what America is about: the people.
And that is what our administration will be about.
I sought this office to restore the soul of America.
To rebuild the backbone of the nation — the middle class.
To make America respected around the world again and to unite us here at home.
It is the honor of my lifetime that so many millions of Americans have voted for this vision.
And now the work of making this vision real is the task of our time.
As I said many times before, I’m Jill’s husband.
I would not be here without the love and tireless support of Jill, Hunter, Ashley, all of our grandchildren and their spouses, and all our family.
They are my heart.
Jill’s a mom — a military mom — and an educator.
She has dedicated her life to education, but teaching isn’t just what she does — it’s who she is. For America’s educators, this is a great day: You’re going to have one of your own in the White House, and Jill is going to make a great first lady.
And I will be honored to be serving with a fantastic vice president — Kamala Harris — who will make history as the first woman, first Black woman, first woman of South Asian descent, and first daughter of immigrants ever elected to national office in this country.
It’s long overdue, and we’re reminded tonight of all those who fought so hard for so many years to make this happen. But once again, America has bent the arc of the moral universe towards justice.
Kamala, Doug — like it or not — you’re family. You’ve become honorary Bidens and there’s no way out.
To all those who volunteered, worked the polls in the middle of this pandemic, local election officials — you deserve a special thanks from this nation.
To my campaign team, and all the volunteers, to all those who gave so much of themselves to make this moment possible, I owe you everything.
And to all those who supported us: I am proud of the campaign we built and ran. I am proud of the coalition we put together, the broadest and most diverse in history.
Democrats, Republicans and Independents.
Progressives, moderates and conservatives.
Young and old.
Urban, suburban and rural.
Gay, straight, transgender.
White. Latino. Asian. Native American.
And especially for those moments when this campaign was at its lowest — the African-American community stood up again for me. They always have my back, and I’ll have yours.
I said from the outset I wanted a campaign that represented America, and I think we did that. Now that’s what I want the administration to look like.
And to those who voted for President Trump, I understand your disappointment tonight.
I’ve lost a couple of elections myself.
But now, let’s give each other a chance.
It’s time to put away the harsh rhetoric.
To lower the temperature.
To see each other again.
To listen to each other again.
To make progress, we must stop treating our opponents as our enemy. We are not enemies. We are Americans.
The Bible tells us that to everything there is a season — a time to build, a time to reap, a time to sow. And a time to heal.
This is the time to heal in America.
Now that the campaign is over — what is the people’s will? What is our mandate?
I believe it is this: Americans have called on us to marshal the forces of decency and the forces of fairness. To marshal the forces of science and the forces of hope in the great battles of our time.
The battle to control the virus.
The battle to build prosperity.
The battle to secure your family’s health care.
The battle to achieve racial justice and root out systemic racism in this country.
The battle to save the climate.
The battle to restore decency, defend democracy, and give everybody in this country a fair shot.
Our work begins with getting COVID-19 under control.
We cannot repair the economy, restore our vitality, or relish life’s most precious moments — hugging a grandchild, birthdays, weddings, graduations, all the moments that matter most to us — until we get this virus under control.
On Monday, I will name a group of leading scientists and experts as transition advisers to help take the Biden-Harris COVID-19 plan and convert it into an action blueprint that starts on Jan. 20, 2021.
That plan will be built on a bedrock of science. It will be constructed out of compassion, empathy, and concern.
I will spare no effort — or commitment — to turn this pandemic around.
I ran as a proud Democrat. I will now be an American president. I will work as hard for those who didn’t vote for me — as those who did.
Let this grim era of demonization in America begin to end — here and now.
The refusal of Democrats and Republicans to cooperate with one another is not due to some mysterious force beyond our control.
It’s a decision. It’s a choice we make.
And if we can decide not to cooperate, then we can decide to cooperate. And I believe that this is part of the mandate from the American people. They want us to cooperate.
That’s the choice I’ll make. And I call on the Congress — Democrats and Republicans alike — to make that choice with me.
The American story is about the slow, yet steady widening of opportunity.
Make no mistake: Too many dreams have been deferred for too long.
We must make the promise of the country real for everybody — no matter their race, their ethnicity, their faith, their identity, or their disability.
America has always been shaped by inflection points — by moments in time where we’ve made hard decisions about who we are and what we want to be.
Lincoln in 1860 — coming to save the Union.
F.D.R. in 1932 — promising a beleaguered country a New Deal.
J.F.K. in 1960 — pledging a New Frontier.
And 12 years ago — when Barack Obama made history — and told us, “Yes, we can.”
We stand again at an inflection point.
We have the opportunity to defeat despair and to build a nation of prosperity and purpose.
We can do it. I know we can.
I’ve long talked about the battle for the soul of America.
We must restore the soul of America.
Our nation is shaped by the constant battle between our better angels and our darkest impulses.
It is time for our better angels to prevail.
Tonight, the whole world is watching America. I believe at our best America is a beacon for the globe.
And we lead not by the example of our power, but by the power of our example.
I’ve always believed we can define America in one word: possibilities.
That in America everyone should be given the opportunity to go as far as their dreams and God-given ability will take them.
You see, I believe in the possibility of this country.
We’re always looking ahead.
Ahead to an America that’s freer and more just.
Ahead to an America that creates jobs with dignity and respect.
Ahead to an America that cures disease — like cancer and Alzheimer’s.
Ahead to an America that never leaves anyone behind.
Ahead to an America that never gives up, never gives in.
This is a great nation.
And we are a good people.
This is the United States of America.
And there has never been anything we haven’t been able to do when we’ve done it together.
In the last days of the campaign, I’ve been thinking about a hymn that means a lot to me and to my family, particularly my deceased son, Beau. It captures the faith that sustains me and which I believe sustains America.
And I hope it can provide some comfort and solace to the more than 230,000 families who have lost a loved one to this terrible virus this year. My heart goes out to each and every one of you. Hopefully this hymn gives you solace as well.
“And He will raise you up on eagle’s wings,
Bear you on the breath of dawn,
Make you to shine like the sun,
And hold you in the palm of His Hand.”
And now, together — on eagle’s wings — we embark on the work that God and history have called upon us to do.
With full hearts and steady hands, with faith in America and in each other, with a love of country — and a thirst for justice — let us be the nation that we know we can be.
A nation united.
A nation strengthened.
A nation healed.
The United States of America.
God bless you.
And may God protect our troops."

CANNABIS – UP AND COMERS

Start 11/12/2020

JUSHI 2.79
HARVEST 1.78
TERRASCEND 7.50
PLANET 13 3.53
COLUMBIA 3.94

BEST REFERENCES
Investor Business Daily
www.otcmarkerts.com
Investors HUB

JohnCM Investment Corner – Investors HUB https://investorshub.advfn.com/JohnCM-Investment-Corner-37729/
Investing – ZOOM https://www.meetup.com/Stock-Market-Investing-and-Real-Estate/events/269892094/

DISCLAIMER
JohnCM is not a registered investment, legal or tax advisor or a broker/dealer. All investment/financial opinions expressed by John are from personal research and 35 years investing experience and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur. Stock trade at your own risk.