Blog - Mr. Stark, I Don't Feel So Good

Mr. Stark, I Don't Feel So Good

Aug 21, 2019

Sony, I Lost the Kid

Much to fan disappointment news broke yesterday that Sony (SNE) and Disney (DIS) have failed to reach an agreement to have Spider-Man in the Marvel Cinematic Universe (MCU). The two companies had agreed to work together to allow Spider-Man to join his masked crusaders in the MCU and just as it appeared (spoiler warning) that Marvel was ready to hand over the reins to Spider-Man to star in future The Avengers films, Sony and Disney threw a wrench in it. Fresh off the heels of this news, Sony stock fell -0.11% seeing individual share prices down -0.06.

Cannabis Stocks Fail to get High

In one of the hottest weeks for Cannabis, two giants revealed their earnings reports. Both Tilray (TLRY) and Canopy Growth Corp. (CGC) were both down significantly last week with a -27% loss and -14% loss respectively. Though both companies sold a lot of weed, they both saw significant losses. Truth is, it has been a difficult summer for weed stocks as many companies struggle with legalities or quality control. The US is a limited market with only a handful of states legalizing weed, while Canada has legalized, companies are growing more than they can sell. Tilray and other companies have begun to look overseas in an attempt to find areas of profit.

WeWork Reveals IPO PaperWork

Add another large company to the list of IPO’s this year. WeWork (AKA We Co.) revealed the company’s financials in it’s S-1 last week. Like many tech companies, WeWork has recorded a loss and believes it will take a few years to make a profit. The issue is, WeWork is not a tech company. The company specializes in offering shared workspaces and building a community environment in those spaces. WeWork has been valued at $47 billion privately but the companies eventual IPO will reflect on whether investors are still into high-growth companies.

Roadman Investments Reveals Mushroom for Health & Wellness

Roadman Investments (LITT.V) has completed a strategic investment in British Columbia-based craft mushroom distributor, Champignon Brands Inc. This investment allows Roadman to continue to actively pursue health and wellness and generate investments in this growing sector. The mushroom market is expected to expand at a CAGR of 7.9% from 2018 to 2026. Much of this growth is attributed to consumer shifts to vegan goods.