Investor Ideas #Potcasts;
#Cannabis News and #Stocks on the Move; Interview with Matt Markiewicz,
Managing Director of the Cannabis ETF (NYSE: $THCX)
Delta, Kelowna, BC, February 18, 2020
(Investorideas.com Newswire) www.Investorideas.com, a global news source
covering leading sectors including marijuana and hemp stocks and its potcast
site, www.potcasts.ca release today’s podcast edition of cannabis
news and stocks to watch plus insight from thought leaders and experts.
Listen
to the podcast:
Read
this in full at https://www.investorideas.com/news/2020/cannabis-potcasts/02181Interview-NYSETHCX.asp
Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of
Investorideas.com "Potcast" featuring cannabis news, stocks to watch
as well as insights from thought leaders and experts.
In today’s podcast Investorideas interview Matt
Markiewicz, the Managing Director of The Cannabis ETF (NYSE:
THCX), where we discussed how the market, as
well as the ETF, has evolved and changed since Investorideas previous interview
with Matt, as well where there is potential growth and optimism looking ahead
at the cannabis space.
When asked about how the negative press and
financial results over the past few months have impacted the ETF as well as the
cannabis market, Markiewicz commented, “In terms of the impact on the ETF,
we’re down nearly 13% and a lot of that has been driven by the sell off in the
larger LP’s because we do have an overweight position in Canopy, Cronos,
Tilray, Organigram and Aphria. They are the bell-weathers of the industry. They
give the investor the best peak into what’s going on in the cannabis industry
in Canada and it’s been a rough go over the past few months. There has been a
lot of news flow in the sector, and it’s not been great news obviously, but it
is needed from the perspective of the costs needing to be more aligned with
where the growth rate is looking to go in Canada, especially in the medium
term, and this reckoning is something that had to happen for several months
now.”
Markiewicz also went on to discuss the roles of
the CEO in some of the larger LP’s, as there has been a consistent theme of
management change over in the last year, saying “I think change is oftentimes a
little bit shocking to people, but in these cases, and I think we will see more
by the way, change was necessary. You have to remember that a lot of these
cannabis companies are newly minted public companies so there is a certain type
of behaviour that needs to be followed. They have a fiduciary duty to
shareholders, that is their main objective, especially for boards on a lot of
these companies. They’re thinking about how we best serve shareholders.
Internally change can be hard to embrace, but externally for shareholders it's
necessary, especially when things aren’t working. A lot of the problems in the
industry are well outside management control in Canada at this point, and these
C-level executives can’t control market dynamics, but they can control the
messaging and the expectations that are built around growth for the industry
and those companies.”
When asked about the total impact these
management changes have had on the industry as well as the stock market,
Markiewicz commented, “These changes that have been announced over the past
couple of weeks in the industry haven’t really managed to instill any investor
confidence from the standpoint of moving the stocks higher.”
Markiewicz went on to discuss new opportunities
when looking at international markets, growth in the ancillary services sector
of the industry, the rollout of Candian cannabis retail, Cannabis 2.0 sales, as
well as the new opportunities that may arise as more companies are able to
uplist and go public.
Listen to Investorideas previous interviews with
Matt Markiewicz from August here and November here.
Investor ideas reminds all listeners to read our
disclaimers and disclosures on the
Investorideas.com website and this podcast is not
an endorsement to buy products or services or securities. Investors are
reminded all investment involves risk and possible loss of investment
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