Even when you get to the most advanced levels of investing knowledge and experience, there’s always going to be someone you can learn from and who can give you new and exciting investing ideas. Because I have access to the world’s most successful traders, I’m able to pass on their latest and most actionable investing ideas to you.
People ask me for new and different ways to play the legalized cannabis boom, so I’m very glad to be able to speak to top fund managers and get an insider’s view on how they’re allocating their own money. That’s an important thing: I want to see how they’re actually investing their own capital, not just what they’re recommending to other people.
For profits the cannabis stock sector, I look to Bruce Campbell as an influencer and expert. Bruce runs StoneCastle Investment Management and is a well-known cannabis-focused fund manager. He’s a Chartered Financial Analyst who brings over 25 years of experience to fund management and his team conducts deep research into the legalized cannabis market.
As I mentioned, I’m more interested in what someone’s actually buying than what he’s only discussing with other people. In the case of Bruce Campbell, I know that he’s a core shareholder of C21 Investments Inc.(CSE:CXXI), Vancouver-based company with outstanding revenues based on their vertical integration business model.
While C21 is listed on the Canadian markets and has been able to raise substantial capital there, they’re also building a multi-state platform with operations in key U.S. states. C21 has already acquired highly successful and recognizable cannabis brands in Oregon and Nevada, and they’re quickly branching out into other cannabis-friendly states.
In an interview with Wealth Research Group, Bruce Campbell explains that he looks for companies that aren’t solely reliant on cultivating the cannabis flower, but are also able to profit from other aspects along the supply chain, from marketing to branding to sales. C21 Investments Inc.’s vertically integrated business structure captures revenues throughout the supply chain, thereby adding value to its cannabis brands as well as the shareholders.
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Mr. Campbell also sees C21 as the best opportunity out there today because it’s so cheap from a valuation perspective: even if CXXI stock were to come in line with its peers in the industry, this would entail a considerable re-pricing to the upside.
StoneCastle is very selective in its allocations, and so is C21 Investments Inc.; that’s another feature of the company that makes it attractive to Bruce Campbell. C21 is cautious and deliberate in its acquisitions, only incrementally adding businesses where they see opportunities in the most cannabis-friendly, sales-ready regions:
Yet, even though C21’s partnership approach is highly controlled, their numbers have nonetheless been outstanding. Their crown jewel in state of Nevada, Silver State Relief, is an amazingly popular legal cannabis superstore that generates roughly $25 million top-line revenues per annum and is still growing – that’s an incredible number considering the entire market cap is only CAD$132 million!
If cannabis investment master Bruce Campbell and StoneCastle are impressed with C21, that’s one heck of an endorsement and with a sizable share purchase, they’re putting their money where their mouth is. You should seriously consider adding CXXI shares to your cannabis allocations too – with Bruce Campbell on your side, you’ll be in very good company.
Best Regards,
Tom Beck
Research Partner, PortfolioWealthGlobal.com