Top PickFirst stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/bruce-campbell-s-top-picks~1562745
CANNEX CAPITAL (CNNX.CD)
Last purchased at $0.70.
The company operates vertically integrated cannabis operations in Washington state and recently announced a merger with 4Front. This will build one of the best operating and cheapest multi-state operators (MSO) in the U.S. by combining Northwest Cannabis’ expertise in cultivation and extraction along with 4Front’s expertise in adding licences and building new regulator justifications. The stock of the combined company trades at 5.5 times 2020 enterprise value to earnings before interest, tax, depreciation and amortization (EV/EBITDA) while peers trade at 13.7 times.
TOP PICK
Cannex Capital Holdings Inc.(CNNX-X)
December 12, 2018
He thinks the US is going to be a real focus. They started by having a Washington state cannibas acquisition and received a cash injection and another merger with a company that has premitting experience. Management expects it to go from 5 times earnings towards industry average 13-15 times. He thinks they could earn more regulatory licenses going forward. YIeld 0%. (Analysts’ price target is $1.80)
Bruce Campbell
President , Stone Castle Investm...
Price $0.98
Owned Yes