May 6, 2019
E-Update – Ted Ohashi Of Let’s Toke Business, Announces Investment in CGOC as Part of the Cannabis Report Model Portfolio
Jamie Blundell, President & COO is pleased to provide the following update on CGOC:
On May 1, 2019, Ted Ohashi, of the Let’s Toke Business (‘LTB”), newsletter announced an investment in CGOC as part of the Cannabis Report Model Portfolio. Ted states, “I believe CGOC is an ideal investment in a market that demands careful stock selection, so I am adding 4,000 shares at $2.16 per share to the portfolio. A more detailed description follows but investing in CGOC is the equivalent of buying dollars at a discount. A 40% discount!” Read the full newsletter here.
In the newsletter, Mr. Ohashi discusses his rationale behind his investment in CGOC, and provides some background on our investment thesis and performance to date.
- Global Investment Exposure – COGC provides exposure to the US and International emerging markets within both the public and private portfolio, in line with LTB’s views that these jurisdictions offer better returns than their Canadian counterparts at current valuations.
- Private’s For Free – based on Mr. Ohashi’s calculations, CGOC provides investors a diversified and actively managed portfolio of public investments (similar to an open-end mutual fund), with the added bonus of exposure to private investments (which are not readily available to the average investor and usually comes with liquidity restraints), essentially for free.
- Discount Gap Expected to Close – Mr. Ohashi understands that the liquidity events within the private portfolio have driven the recent upswing in the Net Asset Value (Whistler Medical Corporation’s acquisition by Aurora Cannabis, and Vireo Health Inc.’s recent RTO to list on the CSE). With the public portfolio aptly managed by a seasoned and knowledgeable portfolio manager, and the additional liquidity events expected in the near-term, Mr. Ohashi sees the discount gap set to reduce significantly.
*Please note that Ted Ohashi has been retained to advise the company on matters related to Capital Markets and Investment Banking.
Ted Ohashi has more than four decades of experience as a financial analyst, mutual fund portfolio manager and investment commentator. Since 2014 he has focused on the emerging cannabis industry and the many unique, high-return investment opportunities it offers. Ted is one of the leading contributors in cannabis investments for Seeking Alpha and you can also follow him at investorhub’s “The Cannabis Report.”
About Let’s Toke Business
Let’s Toke Business is a free, weekly newsletter that curates information and ideas related to investing in the rapidly growing cannabis industry. We review the cannabis stock market using proprietary charts that explain what we think is happening and why.
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