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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
My company:
420 Investor
  • Three Companies Capitalizing On Cannabis Right Now 3 comments
    Oct 16, 2013 11:55 PM | about stocks: MCIG, MJNA, PHOT

    One thing 2013 has taught cannabis investors is that not all pot stocks are the same. At 420 Investor, one of our goals is to separate the proverbial flower from the stem as we identify the companies that have potential and get prepared for new entrants that show promise while avoiding those companies that will likely never succeed. As we enter the final few months of the year and begin to think about 2014, there are two big trends that I think will be important, including the rollout of legalization in CO and WA as well as the rapidly growing awareness of the potential of cannabidiol ('CBD'). As I look at the current universe that I am tracking, three names jump out as being the most leveraged to these trends.

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    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Cannabis Stocks: MCIG, MJNA, PHOT
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Comments (3)
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  • belgium
    , contributor
    Comments (1037) | Send Message
     
    Alan, any thoughts on this:

     

    http://bit.ly/17wwmUm

     

    Could this be the reason of the 'split' or greater distance between MJNA and Dixie?
    17 Oct 2013, 04:10 PM Reply Like
  • Alan Brochstein, CFA
    , contributor
    Comments (7547) | Send Message
     
    Author’s reply » No, but that's really bad acting on that person's part.

     

    The split is a clash of egos I would speculate. At the end of the day, from my vantage, Tripp was in charge of Red Dice and wasn't moving quickly enough to capitalize on the CBD products. I don't have anything against him and can imagine that he has a lot of things pulling at him with the rest of his business. I may try to hear his side. He hasn't been mentioned in a press release since April and has, to the best of my knowledge, not made a single statement about MJNA or even Red Dice publicly. Strange...
    17 Oct 2013, 05:25 PM Reply Like
  • belgium
    , contributor
    Comments (1037) | Send Message
     
    "Strange... "

     

    That's my take on the relationship as well.

     

    I was trying to look at it from another viewpoint and that was that maybe MJNA planned an "extra layer of safety" from lawsuits or bad press like for example the one in the link provided.

     

    Basically stating they are "pure CBD" company, and hence cutting ties with or creating extra distance from Dixie (THC).

     

    But it's all guesswork since management gives us the silent treatment.
    17 Oct 2013, 05:31 PM Reply Like
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