Watch Aurora Cannabis ACB and These 3 Stocks For Buy The Dip Opportunities | Cannabis Daily 22, 2021

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Episode Summary

US house is the top news of the day approving the safe act for the fifth time in the national defense act previously shot down three times.

The house rules committee did deny two items in the approach for the safe act here.They denied expansive research on benefits of psychedelics for active duty military members.

And they also denied to protect veterans from being denied home loans because they work in the cannabis industry.

Keep an eye on NASDAQ:ACB. Aurora Cannabis apparently had mass layoffs yesterday, perhaps setting themselves up for an acquisition, perhaps defaults. Overall ACB is not trending positively at the moment unless they come out with acquisition news.

Amazon will reinstate employees who were previously punished for positive cannabis tests. And then on the other side of that coin, they also claimed in a letter to senators that they have no views on marijuana regulations, legislation, legalization, it's almost as if they don't really care, it's just positive sentiment they're looking for.

But that being said, the action they're taking for their former employees, who were previously punished for cannabis use is definitely a step in the right direction and something, everybody should follow.

Public companies talked about on the podcast:

Aurora Cannabis Inc: NASDAQ:ABC

Body and Mind Inc OTC:BMMJ

Bevcanna Enterprises Inc OTC:BVNNF

Sundial Growers Inc NASDAQ:SNDL

Hosted & Produced By:

Elliot Lane

Aaron Thomas

Contact us at: [e-mail]

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Unedited Transcript:

Happy Wednesday investors, Elliot lane here with cannabis daily. I hope you're having a stellar week trading. I know it's been a little bit in the red so far, but we still have some interesting news on the cannabis side for you guys to pay attention to some interesting stock picks and news. So let's jump in lots happening, especially with the two top stories.

Uh, the U S house is the top of the day approving the safe act for the fifth time in the national defense act previously shot down three times by Mitch McConnell and once by Chuck Schumer. Many holding out hope for this, but most thinking Schumer will take it out for a second time. And for a fifth time, total, uh, we are hoping that doesn't happen.

As many people do not want to dive too far into the 1700 page act, uh, that is approved annually. Uh, you know, a large shout out to representative. I believe Perlmutter. Uh, he has been the hero behind this, so we'll keep an eye on that. And this. Um, but overall I'm 50 50 on whether this actually gets. The next biggest story to keep an eye on, not a lot of coverage on this yet.

A few, uh, have written about this, but keep an eye on ACB. Aurora cannabis apparently had mass layoffs yesterday, uh, perhaps setting themselves up for an acquisition, perhaps defaults. We're not quite sure yet. Overall ACB is not trending positively at the moment unless they come out with acquisition news.

Uh, and it's kind of a case where they put a sign out and say, please take me. Uh, at this point they've not had a very positive 20, 21 they're trending down compared to all of their Canadian brethren. Um, I do hope ACB gets it together, but their management has been relatively slow to act this year. So overall.

It doesn't look to be a good situation. Uh, but I hold out hope for ACB something to keep an eye on as news from. That let's see the house rules committee did deny two items, uh, in the, uh, approach for, for the safe act here. Uh, they denied expansive research on benefits of psychedelics for active duty military members.

And they also denied to protect veterans from being denied home loans because they work in the cannabis industry. Long way to go. Y'all um, last but not least on the legislation side, Amazon will reinstate employees who were previously punished for positive cannabis tests. And then on the other side of that coin, they also claimed in a letter to senators that they have no views on marijuana regulations, legislation, legalization, uh, it's almost as if they don't really care, it's just positive sentiment they're looking for.

But that being said, uh, the action they're taking for their former employees, uh, who were previously punished for cannabis use. Is definitely a step in the right direction and something, everybody should follow. One of my favorite executives in the space at body and mind. His name is Michael Mills, B M M J as their ticker, inter the Michigan market with a dispensary and a grow facility.

It's been a big 20, 21 for them, for Mike and the body and mind team over there. They moved very slowly across 20 18, 19 and 20. And they've really picked up the pace this year. And, uh, our, one of the share price. Uh, leaders in terms of, uh, positive, uh, trends in the cannabis space this year, I think in the past three months, the rep around 40%.

So keep an eye on BMJ and underrated MSO in one that's 100% on the rise with a very interesting footprint. Bev can have stock plunged after their embark health acquisition. That's BV in NF. I personally liked the nanotechnology addition enhancing their beverage portfolio. Uh, that is what they. Uh, and that technology is very, very vital, uh, to mimicking the effects of alcohol, uh, for THC beverages.

For those that can't drink alcohol, uh, this will provide a very similar, um, incremental, uh, high, if you will. Um, so the nanotechnology addition, I like, but I feel the market did not like the terms of the acquisition. So, uh, ideally they can prove out that acquisition over time. Uh, for BB and N F last but not least sundial financing arm, sun stream bank Corp helps.

Sky mint, complete acquisition of three 15 cannabis. Uh, they were also joined by Meredith capital holdings in this, I believe it was around a $78 million acquisition. Uh, this is a big acquisition for Skynet, who is one of the private leaders in Michigan market. The third largest cannabis market in the UK.

Um, but I think the big news here for me is the S and D L sensory bank Corp. I have been very high on this investment arm for them taking in and diva taking in several other incredibly smart investment opportunities. Uh, I'm bullish on sundial right now. Uh, I think they will start to grow at a regular stages as, uh, you know, after the meme stock craze.

Uh, and I think S and D L is poised for a fantastic next few. This is Elliot lane with cannabis daily, as always. Thanks to Aaron. Thomas. Hope you all are having a wonderful week out there. Stay safe, stay healthy, and we'll see you tomorrow.

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