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  • Biggest Industry Mistake?


    This article has been provided by NCV Media LLC, owner of the web property' entitled; "New Cannabis Ventures" which is found HERE

    Here's the link to the full, unedited, article: HERE.

    The author is Alan Brochstein, CFA, Here's his bio:
    Based in Houston, Alan leverages his experience as founder of online communities 420 Investor, the first and still largest due diligence platform focused on the publicly-traded stocks in the cannabis industry. With his extensive network in the cannabis community, Alan continues to find new ways to connect the industry and facilitate its sustainable growth. At New Cannabis Ventures, he is responsible for content development and strategic alliances. Before shifting his focus to the cannabis industry in early 2013, Alan, who began his career on Wall Street in 1986, worked as an independent research analyst following over two decades in research and portfolio management. A prolific writer, with over 650 articles published since 2007 at Seeking Alpha, where he has 70,000 followers, Alan is a frequent speaker at industry conferences and a frequent source to the media, including the NY Times, the Wall Street Journal, Fox Business, and Bloomberg TV. Contact Alan: Twitter | Facebook | LinkedIn | Email

    Full Title: This May Be the Cannabis Industry’s Biggest Mistake

    Here's an excerpt of this excellent article:

    "Whether in Canada or the U.S., many companies have overextended themselves as they operated under the assumption that capital would always be available to fund their winner-take-all vision. Canadian LPs are now retrenching from overseas markets as well as in Canada, and we expect to see more MSOs narrow their operations. Several of the largest MSOs have been saying for several months now that they will look to build within existing markets rather than expanding into new states.

    The lack of focus, though, runs deeper than spreading a company too thin by chasing too many opportunities. When we speak with management teams, we try to understand the company’s core competency, whether it is their ability to create better products through cultivation or processing, to establish strong brands or to deliver an exceptional customer experience through their retail stores.

    Over time, we expect companies to hone in on the areas where they are strongest and to outsource, when possible, those areas in which they are not. "

    Thank you, New Cannabis Ventures, for your article contribution!

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