Midas Letter RAW 75: NeutriSci International, Enthusiast Gaming, Macroeconomic & Cannabis News

Midas Letter RAW 75: NeutriSci International, Enthusiast Gaming, Macroeconomic & Cannabis News
Midas Letter RAW highlights the stocks and stories to watch in the Canadian markets today. Ed Milewski and Steve Misener, CFA provides comprehensive fundamental & technical analysis on all trending business and investment news, while interviewing the top CEOs of all public companies and analysts with the highest reputations in the business.

0:00 – Technical analysis with Ed Milewski & Steve Misener
-cannabis bubble? TIlray Inc (NASDAQ:TLRY) raise 0M; conversion price (low); maybe an institutional play, convertible deal
-Aurora Cannabis Inc (TSE:ACB) (OTCMKTS:ACBFF) (FRA:21P) uplisting on NYSE by end of October; stock performance vs. other big players
-Aurora deal with ICC Labs set to be complete in Nov

11:57 – NeutriSci International Inc (CVE:NU) (OTCMKTS:NRXCF) (FRA:1N9) CEO Glen Rehman discusses the company’s energy tablet, Neuenergy, its international footprint, and NeutriSci’s relatively small market cap and investment potential.

20:09 – Macroeconomics with Ed & Steve
-interest rates; bonds, yields up=bonds down; bearish; interest rates going higher
-US economy “overheating”
-Toronto housing market; smallest rate rises will have an adverse impact on house prices
-oil price recovery; /barrel; huge production out of US, oil price inflationary, drives up all other prices
-Western Canadian (WCS) only at ; spread compared to US, pipelines; Trans Mountain
-Canadian economy can’t handle rise in interest rates

35:16 – Enthusiast Gaming Holdings Inc (CVE:EGLX) CEO Menashe Kestenbaum talks about the eSports boom, Enthusiast’s network of digital media properties, which focus on the gaming industry, and revenue catalysts for the company.

50: 34 – Cannabis News with Ed & Steve
-“buy the sizzle, sell the steak”
-100 new companies; lots of supply
-larger cap companies are getting greater international exposure, US listings; bigger companies getting a premium; market is rewarding greater market cap and liquidity
-moving from concept stocks to reality
-markets close: cannabis stocks did well over all

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Midas Letter RAW 75: NeutriSci International, Enthusiast Gaming, Macroeconomic & Cannabis News