Alan Brochstein’s 420 Investor is a community for Green Rush investors to learn, explore, and profit from the marijuana companies. The main goal of 420 Investor is to provide real-time, objective information about the top marijuana companies in the market in order to help investors capitalize on cannabis, as it states on 420Investor.com. In this Wall Street View, our host spoke with Alan Brochstein, Founder and CEO of 420Investor.com at the Growth Capital Expo 2015 in Las Vegas, NV.
In this Wall Street View, Mr. Brochstein, the Cannabis Financial Analyst, as he describes himself on his website, 420Investor.com, discusses publicly-traded companies in the Cannabis space, “First of all, it’s unfortunate, we have a great industry, that’s the good thing. The bad thing is it’s confined to the penny stocks for the most part. We spend way to much time ferreting out a lot of scams trying to find a few, good companies that will emerge.”
When asked how he expects things to change in the Cannabis industry, Mr. Brochstein states, “It is changing. Just last night, there was an announcement of a $10 million private placement. We have some really good private companies. They got scared of the market because of what happened last year. The market when up like seven-fold in two months and then it crashed…but even here at this conference we’re seeing some of the better companies attract institutional interest. There’s five companies here. One of them just went public through the S-1 process – it’s gotten great press across the world.”
Mr. Brochstein closes out the interview by providing his one recommendation before you start investing in the marijuana industry, “This is silly, but the first thing I would say is read their SEC filings, and if they don’t have SEC filings, move on.”
For more information about Alan Brochstein and his newsletter, go to: www.420Investor.com
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