Did you catch my real-time cannabis stock training session on Thursday? Discover the secret to picking the highest-quality stocks, and how you can use them to bring in an extra $19k-$20k every month. The replay is online here.
Once you’ve watched that, I have two MORE timely videos to share with you today. They’re interviews with companies in the cannabis space that I find very exciting. And you might find them very profitable.
First up, Las Vegas. I was in town to give a presentation on marijuana profits to the MoneyShow. While, there, I decided to kill two birds with one stoner, and visit the regional HQ of KushCo Holdings (OTCQX: KSHB).
KushCo is a packaging company riding the marijuana megatrend. When a customer buys cannabis or CBD in any form in a store, the packaging, by law, has to be very specific. And each state has its own laws.
It’s a tangled web to navigate, but KushCo is doing just that.
Orders are flying out the door as KushCo helps more than 5,000 cannabis companies — its customers — comply with state and local laws.
The company has other stuff going for it, too, including:
- New packaging for the tsunami of CBD-related products coming to market, AND biodegradable packaging that KushCo is rolling out right now.
- It also sells vaping products.
- It even designs packaging for customers.
- And it has ANOTHER business, distributing hydrocarbon gases used in the production of cannabis oils and concentrates.
I got the scoop on all this from Romina Bollini, the branch manager and key account manager for KushCo Las Vegas. I sat down with her for an interview. You can watch that here …
Direct link: https://youtu.be/07LJOlNImv4
We have some fun in the video, trying out the company’s packaging products. But there’s a lot more to it. Watch the video and see!
KushCo’s share price suffered recently due to an accounting error — by a previous CFO — that led to an earnings restatement for the past two years. But if your eye is on the longer term, the current pullback is just a buying opportunity.
A Prescription for Pot Profits
The next on-the-road interview I want to show is Medicine Man Technologies (OTCQX: MDCL).
Medicine Man has a market cap of just over $112 million. The company has pivoted from being a consulting company (helping people acquire growing licenses) to being a vertically integrated producer. It operates in 18 states.
It is expanding through acquisitions. It even has important acquisitions coming up. Revenues rose 167% year-over-year (yoy) in 2018, while earnings came in at $2.3 million.
I was in Toronto at a cannabis conference recently, and had the opportunity to interview Medicine Man’s COO, Joe Puglise …
Direct link: https://youtu.be/2qOUtvlPMEQ
Since that interview, new earnings and sales numbers have come out. Operating revenues rose 65% yoy in Q1. Product sales grew 233% year-over-year, from $459,335 to $1.5 million. At the same time, the company swung to a loss. It posted a loss of 10 cents per share for the quarter, as it is spending all its money on expansion. Still, the company has positive cash flow, and more than doubled its cash balance.
The company is making important acquisitions — MedPharm Holdings and Medicine Man Denver — which should be finalized in late 2019 or early 2020. These will give the company more retail locations, popular brands and a cannabis research license. The acquisitions should also add another $40 million in revenue.
One thing you should know — I like this company so much, I bought it a while back. I have open gains around 100%. But I think it has so much more potential.
I have more videos like this, and I make more every chance I get. Then, I share them with my Marijuana Millionaire Portfolio subscribers. They like to hear about companies straight “from the horse’s mouth,” and I give them that opportunity first.
There are amazing opportunities in the cannabis space right now. You just have to roll up your sleeves and do the hard work to find them. If you’re doing this on your own, be sure to do your own due diligence. But the next great surge in cannabis stocks is ready to rocket. Don’t wait too long to get onboard.
All the best,