November was a real game changer for the cannabis industry, as voters in Utah, Michigan, and Missouri approved legislation to allow the sale and use of marijuana. Furthermore, the resignation of U.S. Attorney General Jeff Sessions also gave the cannabis market a major boost of optimism. With these important changes in the industry, where are the leading cannabis investors allocating their capital now?
Wealth Research Group posed this crucial question to Bruce Campbell, who is regarded as one of the world’s top cannabis investors. Mr. Campbell is one of the original movers in the Canadian cannabis industry, and he a highly in-demand portfolio manager at StoneCastle Investment Management Inc., located on the worldwide web at StoneCastleFunds.ca.
A former portfolio manager for some of the largest investment dealers in Canada and the U.S., Bruce Campbell brings over 25 years of experience to fund management.
Mr. Campbell is a graduate of the University of Alberta with a Bachelor of Commerce degree specializing in finance, and he has earned multiple designations in investment management.
Bruce Campbell’s impressive credentials include the designations of Chartered Alternative Investment Analyst (CAIA) and Chartered Financial Analyst (CFA) – one of the most prestigious designations in the financial industry. In addition, Bruce Campbell is a past president of the Okanagan CFA society.
Courtesy: Bruce Campbell
Knowing that the legalized cannabis market is in an irreversible trend that’s going global and building wealth for wise investors, Wealth Research Group jumped at the opportunity to speak with Mr. Bruce Campbell and tap into his insights into this fast-growing market.
According to Bruce Campbell, there is a large disparity in the cannabis market right now: some companies’ stocks are overvalued, while others are undervalued. In some cases, the undervalued companies are that way simply because they’re not on most retail investors’ radars.
What Mr. Campbell told us during the interview aligns perfectly with Wealth Research Group’s philosophy of investing: finding under-the-radar opportunities is the key that unlocks the doors to wealth in any industry, and especially in the legalized cannabis market.
And here’s some great news for you: Mr. Campbell actually gave us the name of a specific company that he has identified as a perfect under-the-radar investment in the legal marijuana space right now: a Vancouver-based company called C21 Investments Inc. (CSE: CXXI).
StoneCastle Investment Management Inc. owns shares of C21 because this particular cannabis company is building a multi-state platform with operations in the United States – and yet the company is listed in, and has been able to raise substantial capital in, the Canadian markets.
C21 is unknown to many investors at the moment, according to Bruce Campbell, and so CXXI’s valuation is significantly cheaper than the company’s peers. Mr. Campbell revealed to us that C21 is forecasted to generate approximately CAD$90,000,000 in revenue next year – very impressive for a relatively unknown cannabis company.
Again, it’s about separating the undervalued stocks from the overvalued ones. According to Bruce Campbell, some of C21’s peers in the industry are trading at multiples in excess of 10 to 20 times their projected values for the year 2020. Meanwhile, C21 Investments Inc. stock is trading at less than the company’s actual value – Bruce estimates that it’s around 0.75%, which is super attractive compared to the competitors.
In other words, C21 stock shares have plenty of room to grow and still be considerably cheaper than all of the company’s peers, according to Bruce Campbell. It’s also an ideal investment because C21 is diversified and vertically integrated, with best-in-class cultivation, processing, branding, and distribution facilities:
Mr. Campbell is quite impressed with the way C21 is building a strong brand and leveraging their unique advantages to stand out in the legalized cannabis field. Just recently, according to Bruce Campbell, C21 has added to their line of proprietary products – which are already selling in huge quantities as the legal marijuana market grows by leaps and bounds.
Bruce Campbell’s conversation with Wealth Research Group is a real eye-opener, and we know you’ll learn a great deal from our in-depth interview. Also, don’t hesitate to visit Mr. Campbell at StoneCastleFunds.ca to find how his fund delivers exceptional investment fund performance while protecting capital, building assets, and rigorously managing risk.
And speaking of building value while managing risk, Wealth Research Group has a complete line of vitally important economic reports that you can’t afford to miss. These include our full report on The 5 Essential Steps to Financial Independence, our Domestic Cancer: America’s Biggest Challenge report with critical data on the attack being perpetrated on U.S. soil today, as well as my Personal Treasure Trove where I reveal the trades I’m making right now.