Bruce Campbell (2)
Vibe Growth Corporation
VIBE-CN
BUY
May 11, 2021
They're a niche cannabis producer in California where they manufacture cannabis. They also hold a distribution license which is crucial in California. He likes this. It flies under the radar. Companies are reluctant to enter California, because the black market still has a grip there. Also, CA is an unlimited license state, so it's more competitive than other states. Remember, CA is one of the largest cannabis markets in the world, and VIBE is building its presence. VIBE could easily be bought out. VIBE boasts a rare, positive EBITDA.
In California, an interesting, but tough, market. Really know what they're doing. Plan to add more dispensaries. Cash on balance sheet, and they will probably do acquisitions. Likes it, and it will go higher. He'd make it a top pick if it traded anywhere but on the Canadian Securities Exchange.