Bruce Campbell 2Second stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/bruce-campbell-s-top-picks~1391176
CANNEX CAPITAL (CNNX.CD)
Cannex is an operating Cannabis company with revenue, earnings before interest taxes depreciation and amortization (EBITDA) and cash flow. They operate in Washington State under the Northwest Cannabis brand and are looking to expand into California via their acquisition of Jetty Extracts. While a head-to-head comparison of Canadian and U.S. cannabis companies isn’t fair, they trade at a significant discount to both Canadian and U.S. peers from a valuation standpoint. Last purchase was at $1.08.
TOP PICK
Cannex Capital Holdings Inc.(CNNX-X)
May 10, 2018
Their numbers are fantastic from a yield point of view. They are US operators but listed in Canada. They just built a second facility. They are already one of the biggest players there. They just acquired a company that does extract product in California. Following this the PE will be less than 9 times.
Bruce Campbell (2)
President & Portfolio Manager, Stone Castle Investm...
Price $1.20
Owned Yes