Fortunes are made most assuredly when specific procedures are set in motion, as to bring about such durable competitive advantages to a dominating business that it becomes nearly impossible to eliminate the leader.
When I was sailing, this past summer, in Corfu, the only Greek Island that was never taken and occupied by the Ottoman Empire, we saw, from our catamaran, the moats that the Greeks built to shield themselves from the external threat.
In business, CEOs aspire to do the same thing; fortress their company from the nature of the free market to continuously drive prices down, by introducing new businesses to compete with existing ones.
Warren Buffett has mastered, in fact, he has encapsulated the essence of sifting through thousands of private and public companies, finding, within his sphere of competence (insurance and traditional businesses), those select few stocks that possess unmatched advantages, moats.
Since I was first introduced, many years ago, to Buffett's obsession with owning only those businesses that can weather storms, crush their peers, and grow disproportionately bigger than copycat companies, this has been my sole objective, as an entrepreneur and an investor, to find, to invest or to build such operations.
One of the ultimate advantages is to be FIRST, the original. Another one is to make it HARD for your clients to work with others over you, a strategy referred to as High Switching Costs. This strategy is responsible for making Bill Gates the richest man in the world for over 20 years, until Jeff Bezos came along and surpassed him, thanks to a combination of two additional competitive excellences, which are low costs, thanks to Economies of Scale (buying in large volumes reduces prices with vendors), and consumer loyalty, achieved by Brand Recognition.
The world's three richest men's fortunes can be boiled down to these:
- Be first to market: Microsoft and Amazon.
- Make it difficult to turn to other companies: Everyone uses Windows and Office, so switching is futile. Amazon has more offerings than any other store in the world.
- Brand Loyalty: Buffett owns about 9.4% of Coca-Cola, 5% of Apple, and 17% of American Express.
Put together, Bezos, Buffett, and Gates are worth over $300B. They understand investments.
Eugene Beukman, CEO of ICC Intl Cannabis (CSE: WRLD & US: KNHBF),has been a careful student of their fortunes because I detect clear markings of the Bezos, Buffett, and Gates hallmarks all over the acquisitions made by this recently gone public cannabis stock.
Mark my words – if the management follows through, by continuing to make sound decisions, on behalf of shareholders, this could be a grand slam investment.
I'm accumulating a personal position in this company, and here's why:
- It has secured the FIRST and ONLY medical-grade, cannabis cultivation license in Greece and is advancing the facility, as we speak.
- It has secured an EXCLUSIVE agreement with Cosmos Holdings, a distributor of pharmaceuticals to over 35,000 pharmacies, through its subsidiary, Global Marathon, to supply them with cannabis products.
- Through its Denmark-based, Danavian Cannabis, it holds one of ONLYtwelve cultivation and manufacturing licenses in the country.
Compare that to the more matured markets, like the U.S. or Canada, where there are far more licenses in existence and where competition is squeezing companies dry.
Europe is a bleep on the map, at this point, but its population base is TWICE that of North America.
This is my GO-TO company for global diversification in this space!
I have no doubt that I'll remain a long-term shareholder, as management aggressively pursues more and more opportunities to gain a foothold and to be FIRST, by contracting multi-year distribution agreements in place in established pharmacy chains.
Consider Becoming a Shareholder of
ICC Intl Cannabis (CSE: WRLD & US: KNHBF)!
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Wealth Research Group stock profiles are intended to be stock ideas, NOT advice. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. Wallace Hill Partners LTD owned by the same members who own Wealth Research Group, have entered into a three year agreement with International Cannabis, purchased shares, and have received three hundred thousand dollars. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Please read our full disclaimer at WealthResearchGroup.com/disclaimer