Fiore Cannabis: RichTV in discussion with CEO Erik Anderson
The cannabis sector has made a roaring comeback into the markets and over the past weeks, many companies are now in focus among investors. Hence, if investors are looking for stocks from a sector that is now garnering significant interest, then they could consider looking into some cannabis stocks.
However, investors need to know where to look when it comes to getting reliable information about the stock market. The YouTube channel RichTV Live has emerged as one of the more reliable sources of information about the stock market in recent times and in its latest video, the analyst looked into Fiore Cannabis (CSE:FIOR) (OTCQX:FIORF). More importantly, the Chief Executive Officer of the company Erik Anderson joined the analyst for a discussion about the company.
Hence, it was a pretty comprehensive segment and one that could prove to be quite beneficial to interested investors. On the other hand, the company also made a major announcement yesterday that could prove to be a boost for the stock as well.
The multi-state operator announced yesterday that the company managed to post a positive adjusted EBITDA for the month of January. It is, without a doubt a significant development for the company. It is a metric that is expected to be watched closely by investors going forwards.
Speaking about his own experience in the industry, the company’s CEO told the RichTV analyst that prior to taking up his position at Fiore he had been working in the Canadian cannabis industry. However, after leaving the industry, he was introduced to Fiore by some of the biggest shareholders in the company. Anderson stated that after taking a look at the company’s plans and also at its cultivation and production facilities in Las Vegas he was convinced with the Fiore project.
However, one of the most important comments from Anderson during the interview was that it was not a matter of ‘if’ but ‘when’ with regards to the Federal legalization of marijuana in the United States. If that does happen then it not only going to be a major boost for the entire sector but especially for companies like Fiore which operate across multiple states in the country. Investors could consider checking out the whole video for further information.
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