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Dai Truong's Weekly Newsletter - Issue #2
Cannabis news and discussions that I find interesting
Cannabis / CBD
Bankers Are Circling Europe’s Growing Cannabis Market
Canaccord Genuity, the biggest underwriter of stock offerings for weed-related companies, appointed a head of European cannabis investment banking. French bank Bryan Garnier & Co. in the past year started covering the Canadian sector via a Paris-based analyst. Jefferies Financial Group recently initiated coverage on a slew of North American pot stocks through a London-based analyst.
Seven Buds for Seven Brothers
The New York Times wrote a nice piece on the CBD leader, Charlotte’s Web, and their plans to build a tourist destination where consumers can interact with the product.
Meghan McCain Says Marijuana Might Have Extended Her Father’s Life
Meghan McCain said that medical marijuana might have given her late father, Sen. John McCain (R-AZ), more days to live, and she expressed anger about the ongoing stigmatization of cannabis.
CBD Drinks were prominent at EXPO West
EXPO West had small/large brands adding CBD to their products. While I still think the $22B estimate by 2022 is far off (probably closer to 10-25% of that), it’s looking good for CBD to be a mainstay functional ingredient.
Cannabis Drinks Confront a Serious Buzz Kill—They Taste Terrible
The WSJ took a closer book at THC Beverages and the challenges to market adoption.
Cannabis is America’s fastest-growing job sector
According to a new report from Leafly, America’s legal pot industry now boasts 211,000 workers.
Retail / eCommerce
How To Define Your Brand As A Direct-to-Consumer Company
Building a truly great brand can be the difference between success and failure in the direct-to-consumer world. FirstMark shares lessons from breakout D2C founders.
Target had its best year since 2005
Target’s strategic initiatives around private-label, online ordering, delivery, among others lead to growth.
I evaluate investment and acquisition opportunities for MedMen, an LA-based vertically integrated Cannabis retailer. Would love to hear your thoughts, feedback or insights. Get in touch at email@example.com. Or find me on: