Biome Grow, GoldSpot Discoveries, MediPharm Labs, WeedMD - Midas Letter RAW 159

Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. Ben Smith and Ed Milewski provide comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business.

0:00 - Macroeconomics and Cannabis Analysis with Ben & Ed
-Aurora (TSE:ACB) reported Q2 2019 earnings last night
-Ed: ACB only up $0.18 despite S&P "rocking"
-Headline number scared some retail investors don't know how to read income statements; only $50M from operations (most from investments)
-Other than that, Aurora hit all numbers; hit $54.2M in revenue; margins declined a little bit;
-top line "in line" with $50-$55M projections

4:48 - Midas Letter News
-Aurora Cannabis (TSE:ACB) reports for quarter ending in Dec. 31, 2018; revenue up 363% compared to same period previous year
-Aurora Cannabis announced Aurora Polaris expansion proceeding
-Supreme Cannabis (FIRE) revenue of $7.72M; reporting
-MediPharm Labs Corp (CVE:LABS) supply agreement for cannabis oil concentrate
-Liberty Health Sciences (CNSX:LHS) announced independent group say short seller report inaccurate
-Canada House Wellness (CNSX:CHV) Abba Medix expects EU GMP certified cannabis from Pickering facility
-Harvest Health and Recreation Inc (CNSX:HARV) opens retail store
-Green Thumb Industries (CNSX:GTII) closed Advanced Grow Labs purchase
-James E Wagner Cultivation Corp (CVE:JWCA) licenses tech

9:14 - Macroeconomics and Cannabis Analysis with Ben & Ed
-Aurora (TSE:ACB) chart: nothing to indicate trend has changed (downward trend); pretty big wick
-good report, lots of execution, positive sign overall
-HMMJ chart: looks a lot like ACB

15:07 - Biome Grow Inc (CNSX:BIO) (OTCMKTS:BIOIF) (FRA:6OTA) Khurram Malik discusses the company’s recent deal to acquire up to 20,000 kilograms annually of high quality CBD concentrate from CBD Acres. Malik indicates this deal provides Biome with the lowest cost CBD concentrate in the world.

27:38 - Macroeconomics and Cannabis Analysis with Ben & Ed
-ML cannabis indexes
-ML Canadian Cannabis Index; up about 2% (on Aurora's rally); lots of green; Auxly and TerrAscend down
-Canopy Growth (TSE:WEED) reporting on Feb 14;
-Canopy (TSE:WEED) chart: 2.5% move, up; candle is green but range bound? (big wick)
-Aurora report caused a Tier 1 short rally?
-CSE index: up; Veritas Pharma (66.67% up), Canada House Wellness, Heritage Cannabis up; some red
-Aphria (TSE:APHA): nice run, through Bollinger bands, coming down, but having a good day
-James E Wagner Corp (JWCA) came out with second license for its tech (Wellness Farms); up two cents
-Q: JWCA licensing tech to Wellness Farms: A: Right branding capability, produces premium quality at low cost; good tech

37:38 - GoldSpot Discoveries Inc is a technology platform using artificial intelligence and machine learning to make mining exploration more efficient. President and CEO Denis Laviolette provides an introduction to the company and explains that GoldSpot is the first and only AI company in mining.

50:11 - MediPharm Labs Corp (CVE:LABS) (OTCMKTS:MLCPF) CEO Keith Strachan shares details of the company’s blockbuster deal with a private buyer. Strachan explains that the agreement is for 75-80 percent pure crude resin medical concentrates with the option for further sales worth $13 million.

1:00:32 - Macroeconomics and Cannabis Analysis with Ben & Ed
-MediPharm chart: no indication in stock that anything was going to happen; usually you see it before; very professional; still reasonable market cap; don't appear to be capital intensive
-Goldspot
-copper
-S&P chart: great move, through February resistance

1:08:16 - Did You Know? Keith Merker

1:09:08 - WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) (FRA:4WE) CEO Keith Merker believes his company is the “best kept secret in cannabis.” WeedMD is one of only 7 LPs with supply agreements with retail giant Shoppers Drug Mart, and Merker indicates the partnership is a great endorsement of WeedMD’s product.

1:23:54 - Video - Best Buds with Sean Cookson and Adamo Barbieri

1:28:38 - Macroeconomics and Cannabis Analysis with Ben & Ed
Tomorrow: TVape, Sugarbud Craft Growers, James E Wagner Cultivation
-MediPharm chart

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