LogicPrevails
@LogicPrevails_
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In search of clarity. Tweets are opinions only and are not investment advice.
Joined October 2016
@SavingPlants @CannaVestments That's quite a bit different from saying the result is a 37% rent reduction which "sets an important precedence as other tenants will demand similar concessions". The concession was a 7% rent reduction, issuance of a note, and giving up rights to properties (no position)
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The most significant point I heard was "if my stock is on its ass, I'm going to take it private" If we define "ass" as -50% from here, and a fair buyout premium as +50%, shareholders forced to liquidate get closed out down 25% vs today. Who is going to be happy with that?
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@MetaJawBone If he doesn't need the votes, why risk alienating older voters who are more likely to cast a ballot?
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RT @EconguyRosie: Canadian retail sales disappointed with a -0.6% May decline and StatsCan penning in a -0.3% June swoon. The lone standout…
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@WeedStreet420 1) she could talk policy all she wants but if people don't believe she can win then it is DOA 2) what is the impact on turnout and down ballot races by having her as nominee? Are voters more energized to show up FOR her or AGAINST her? Impacts whether or not GOP gets unified govt
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"Pelosi privately told President Joe Biden [...] that [he] could destroy Democrats’ chances of winning the House"
Exclusive CNN reporting: Former House Speaker Nancy Pelosi privately told President Joe Biden in a recent conversation that polling shows that the president cannot defeat Donald Trump and that the president could destroy Democrats’ chances of winning the House. @mj_lee @jamiegangel @jeffzeleny
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@degen_holdings The gating factor has never been 'medical benefit or not'
@BCobblaw @todd_harrison Nasdaq states that it does not allow the listing of violators of federal law, so with Schedule III any operators that continue to illegally sell into rec markets, or into medical markets without obtaining the proper federal license would seem ineligible
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It's anyone guess how much excess profit MSO equities will capture or for how long, but lenders get an immediate upgrade in borrower credit quality and should see demand for loan growth. IMO they are the clear winners of standalone S3
Some have asked what the impact of a rescheduling to Schedule 3 has on NewLake. $NLCP 1) The elimination of 280e creates a better cashflow profile for our tenants. Thus, credit quality of our portfolio is meaningfully improved. 2) We expect increased capital flow into the sector, re-equitizing balance sheets (issue equity to pay down debt), which would further enhance tenant credit quality. 3) Since cannabis remains a controlled substance under the CSA, we do not see meaningful competitive pressure from Banks or new entrants. 4) As the industry leans into growth, the capex cycle will start to reappear and with it, the need for real estate capital.
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RT @allstarcharts: It’s not that the market is ignoring the fundamentals. Perhaps it’s just that the market doesn’t care about ‘your’ inter…
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This, and buying wholesale/selling retail, capture the essence of how to show gains from long canna equity
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@JT_in_LA Nothing new, and not apparently limited to those tickers
Legally, this doesn't seem all that ground breaking US operators, in theory, could already use the previous structure (options to acquire or convertible notes) to de facto uplist if they wanted, i.e. by selling options to acquire their shares into US-listed vehicles
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Interesting comment from the administration re: pricing S3 alone (without FDA approval) doesn't do much directly for the consumer/voter but an indirect consequence should be a reduction in prices (and which can't hurt an admin that is fighting sticky inflation)
White House Office of National Drug Control Policy Director Rahul Gupta decried the "failed policies" of marijuana prohibition that have "destroyed lives"—adding that rescheduling will lead to "less expensive and more legal" cannabis-based medicines.
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@YoungJustin Preparing to fund new facilities? I expect S3 without a new excise tax to lead to substantially greater state-legal volumes at the expense of illicit market share
Some have asked what the impact of a rescheduling to Schedule 3 has on NewLake. $NLCP 1) The elimination of 280e creates a better cashflow profile for our tenants. Thus, credit quality of our portfolio is meaningfully improved. 2) We expect increased capital flow into the sector, re-equitizing balance sheets (issue equity to pay down debt), which would further enhance tenant credit quality. 3) Since cannabis remains a controlled substance under the CSA, we do not see meaningful competitive pressure from Banks or new entrants. 4) As the industry leans into growth, the capex cycle will start to reappear and with it, the need for real estate capital.
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