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.

Connect

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 dai.truong@medmen.com. Or find me on:

Twitter: @dai_truong

LinkedIn: https://www.linkedin.com/in/truongdai/