Why 280e Change Spells Good News For Cannabis Cash Flow: Jason Wild Weighs In
Portfolio Pulse from Joana Scopel
Jason Wild, executive chairman of TerrAscend Corp (OTC:TRSSF), stated that the cannabis industry is in a major storm due to challenges in the capital markets. However, he also pointed out that firms that have managed to maintain a positive cash flow after taxes are in a good position. Tim Seymour, founder of Seymour Asset Management and portfolio manager of Amplify Seymour Cannabis ETF (NYSE:CNBS), agreed with Wild's sentiments on borrowing in the current environment.
September 11, 2023 | 5:05 pm
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NEGATIVE IMPACT
Tim Seymour's agreement with Jason Wild's sentiments on borrowing could impact the Amplify Seymour Cannabis ETF.
Tim Seymour's comments on the challenges of borrowing in the cannabis industry could negatively impact investor sentiment towards the Amplify Seymour Cannabis ETF, potentially leading to a decrease in its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
TerrAscend Corp's executive chairman's comments on the cannabis industry's challenges could impact investor sentiment.
Jason Wild's comments about the cannabis industry's challenges could negatively impact investor sentiment towards TerrAscend Corp, potentially leading to a decrease in its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80