$DCGD – MEET THE MAN WHO MADE $70 MILLION THE LAST TWO WEEKS IN THE STOCK MARKET
AvatarMITCH PFEIFERJULY 23, 2019
BUSINESS & TECHNOLOGY 4 MIN READ
The green rush in the legal weed industry continues to grow. Investors are literally sprinting from all corners of the world to cash in on the hottest crop available in limited markets. While the US Government has benefited from insane amounts of tax revenue from legal sales, the Federal Reserve and the banking industry are still living in yesteryear. Investors are left to cash deals with limited public and stock market options. It’s no secret that funding and finance are tough obstacles to maneuver.
Justin Costello is no stranger to making big money plays (and news) in the legal cannabis market. The veritable finance wizard specializes in structuring the numbers and money behind “high-risk” businesses. Cannabis is viewed as just that in the banking world and Costello has walked a tight rope throughout the weed world. Recently, Costello acquired Discover Gold Corp (DCGD) in what may be one of the largest cannabis acquisitions to date. Cannabis stocks are skyrocketing and the future is looking bright.
With DCGD’s market cap closing at over $130 million at the end of the day Monday, July 22nd, Mr. Costello’s 56 percent portion of the cannabis stock puts him at over $70 million dollars in a two-week span. The Pacific Northwest located shell company is positioned to make major moves in the legal weed world. Much like the power plays before it—this is big business.
The game of recreational cannabis and CBD are still relatively young. Luckily, Costello’s experience within the industry dates to the medical days. He’s been an owner, operator, and investor. As well as helping structure, fund, sell and scale some of the largest companies in the space. He’s also responsible for helping numerous companies successfully launch on the stock market, which is no easy feat.
You may recognize the name from one of the largest retail license roll-ups in history or the time he purchased a $10,000 gold cannagar. When asked about this current acquisition and how it ranks amongst the Tilray’s and largest deals in the space, “I’m unable to speak on that at this time due to SEC regulations,” he said with subdued excitement.
Legal cannabis continues to change rapidly, and Costello is at the forefront.