Advanced Cannabis Solutions (CANN): CEO Interview
The cannabis sector is one of the more exciting potential investment themes, with medical cannabis now approved in over twenty states and recreational cannabis about to be legal in Colorado and then Washington. Publicly-traded stocks in the space, though, are littered with poor choices, with just a few stocks worthy of potential investment, as I have described over the past several months. One of my goals at 420 Investor is to find new companies in the cannabis space, and to assess them for what I call “the three Ps,” People, Plan and Pecuniary. When looking at stocks in the marijuana sector, I want to identify companies with strong leaders, a smart business plan and the financial ability to execute.
Advanced Cannabis Solutions (OTCQB:CANN) is one of the newer stocks that I have mentioned before. I was initially impressed with the management team’s backgrounds, and I liked their initial focus on Colorado. Readers should make no mistake: CANN is a venture company and not yet generating revenue. My initial review of the company, which did a reverse-merger this summer with Promap Corporation, is that the price seemed too high. Upon a closer inspection, an important technical aspect to consider is the very low float. This can be positive in the future, but it can lead to volatile trading as well. While I am not ready to weigh in on what I think is the “right” valuation, I was even more enthusiastic that CANN merits further attention as they begin to execute on their business model after my recent interview with CEO Robert Frichtel.
Source: http://ab.typepad.com/ab_analytical_services/2013/12/advanced-cannabis-solutions-cann-ceo-interview.html
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