Juggling Dynamite

Euphoric frenzy around start-ups and new sectors present lengendary capital dangers, particularly because people tend to increase their bets as stock prices rise faster than business prospects.  Meanwhile for the companies, delivering on operational expectations is a long and winding road.  As Cannabis supply and stock prices are leaping, regulatory and demand questions are likely to weigh on exuberant assumptions going forward.

Investors in Canadian weed shares are having a great start to the week as the cannabis sector continues to soar on the stock market.  Here is a direct video link.

Good news:  revelations are spreading that plant-based protein is delicious as well as better for health–higher vitality and dramatically less need for medications–and the environment.  See Canadian burger chain sells out of plant-based patties:

After more than 60 years of dishing out beef burgers, a Canadian fast-food chain has found new success in an unexpected product: a patty made from peas, mung beans and beets.

A&W Food Services of Canada Inc., the country’s second-largest hamburger chain, is tapping into growing demand for plant-based protein by becoming the first national burger chain to offer California-based Beyond Meat’s burger on its menu in July.

The Beyond Meat burgers sold out nationwide in a matter of weeks, said Chief Executive Officer Susan Senecal. The veggie burgers will be back in stock across Canada Oct. 1.

In all the coverage of the 10th anniversary of the 2008 financial crisis, one lasting legacy, too little noted, is the contagion of financial crimes and fraud that have plagued us since.  See: A Denver attorney still cleaning up Lehman mortgage mess:

“Some people committed fraud because they could get away with it. But many of the borrowers were buying into an American Dream that was beyond their means. Greed and hope combined with disastrous consequences…

They thought they owned these homes, but after working three jobs, liquidating their 401(k)s, eventually getting a divorce from the financial stress, and moving in with their parents at 42 years old, it was obvious that the home owned them, not the other way around.

…After witnessing first hand what caused the thousands of stress fractures that sent Lehman tumbling down a decade ago, Carrington worries it is only a matter of time before it happens all over again.

‘Hardly anyone got prosecuted, and that suggests that there’s little risk in folks running these same plays,’ he said.”