Life’s too short to bet the under

Quick Hits From Grit

Life's too short to bet the under

Quick Hits From Grit

Happy Friday Everyone 👋

FIVE things you need to know this week in 60 seconds.

If you’re reading this but haven’t subscribed, join our community of +36k smart, fun & edgy investors 👇

*as of 4pm ET, 8/12/21


The jobs are there, the workers are not

JOLTs data released on Monday showed 590k new jobs added making a total of 10.1M openings in June. That would be great, if not for the fact that there were still 8.7M unemployed in July.

By June the economic output had bounced back to pre-pandemic levels, but we did it with 6.6M fewer jobs…So why the disparity?

There are several factors: unemployment benefits, skills, and geographic mismatches, ongoing COVID-related fears, childcare, etc.

GRIT’S TAKE: There’s some good news: initial unemployment claims dropped for the third week in a row, down to 375k, and continuing claims fell for the second straight week to 2.9M.

GRIT’S ACTION: Stay invested.


A record $174B spent on renewable energy in first half of 2021

Big oil is transitioning from fossil fuels, they’ve must’ve read the United Nation’s ‘code red for humanity’ report, and they’re paying top dollar for clean energy assets like offshore wind, solar farms, and turbine makers.

The problem is that a limited pipeline of projects amid rising competition has companies like BP and Royal Dutch Shell bidding up prices, which are in turn shrinking margins for the energy developers.

GRIT’S TAKE: In order to reach the desired temperature increases of 1.5°C or less, wind and solar capacity will need to grow at a rate 5 times higher than the average of the last 3 years, between now and 2050. That’s going to require ~$92T — not a good sign for an industry with diminishing margins.

GRIT’S ACTION: GRIT subscribers know how I’m playing this: CARBON. I am up 15x on my initial investment in a private carbon deal that just went public. Subscribe to get the inside scoop!


Blackstone extends its empire, acquires WPT Industrial

Blackstone Flag

Blackstone has been on a real estate shopping spree over the last 12 months, buying up seemingly every piece of land they come across. So much so that it has become the world’s largest private owner of commercial real estate, a segment they’ve been focused on recently.

If you’ve been with GRIT for a while, you’ll remember I highlighted WPT back in December 2020 at CAD$14. WPT is an industrial REIT that focuses on distribution and logistics properties. Blackstone’s cash deal at US$22 per unit values the company at US$3.1B, including debt.

GRIT’S TAKE: This is a clear play on the growing e-commerce industry by Blackstone. The shift to online shopping has highlighted the importance of supply chains, and they’re taking advantage of it.

GRIT’S ACTION: I’m looking to redeploy my gains from WPT into another industrial REIT soon. Subscribe now to find out which one!


Crypto Wild, Wild West

The Senate holding us back like | FINANCIAL EQUALITY; CRYPTO COMMUNITY; FINANCIAL EQUALITY; CRYPTO COMMUNITY; THE U.S. SENATE | image tagged in memes,running away balloon | made w/ Imgflip meme maker

Bitcoin has shown a lot of strength recently, gaining +30% over the last month, and has settled around its 200 day moving average.

The crypto industry as a whole, however, suffered a legislative setback this week despite intense lobbying. An agreement couldn’t be met regarding the language in the infrastructure bill on broad oversight of virtual currencies. In a nutshell: the bill’s definition of a “broker" currently includes individuals like software developers. We don’t want that.

Government regulators and private companies are also ramping up efforts to fight illicit activity in the industry, which has been increasing. This week, hackers stole $600M in Bitcoin, dogecoin, and ether from DeFi network Poly Network. The hackers said they did it for “fun” and have returned half of the funds already.

GRIT’S TAKE: We’ve long said here that it’s still too early for Bitcoin, and these are some of the reasons why above. BUT the fact that they’re starting to be addressed legislatively means we’re on the right path.

GRIT’S ACTION: Long Bitcoin and looking for an entry point on Ethereum.


Life’s too short to bet the under

I too like to live Dangerously | The Life of a Nerd

At least that’s probably what they said at DraftKings after watching Penn National (Barstool Sports) acquire theScore for $2B. Not to be outdone, the fantasy sports and online betting giant made a couple of moves of its own, capping off a busy week for M&As in the sector.

On Monday, they announced the purchase of Golden Nugget (online casino gaming) for $1.56B in an all-stock deal — a 53% premium. The next day they launched their highly anticipated in-house NFT platform in a collaboration with Tom Brady’s NFT side hustle, Autograph.

GRIT’S TAKE: DraftKings paid top dollar for Golden Nugget, so what makes the deal so attractive? They’ll save millions in overlapping costs, create new cross-selling opportunities, have more efficient marketing, an expanded customer databases…oh, and the online casino margins are much more attractive compared to sports betting!

GRIT’S ACTION: Long DraftKings.

Under the Radar…

Blockchain is like the Internet in the 90’s. It will change the way we do everything. The sector is expected to grow at a CAGR of 53% this year to $1.62B. How to get exposure? TAAL is a vertically integrated blockchain infrastructure and service provider for enterprises. It’s publicly traded and recently raised $40MM*!
The world’s first and largest augmented reality NFT platform is making moves! New World is doing its best New York Yankees impression by snatching up all the top talent, like Italian designer, Gianpiero D’Alessandro, and Toronto musician, Karl Wolf! Check out parent DeFi company, publicly traded Graph Blockchain now*!
More than 26 million people are affected by Chronic Heart Failure (CHF). Cardiol Therapeutics is fighting CHF with an ultra-pure, high concentration cannabidiol (CBD) formulation, CardiolRx™, that is currently being studied in an FDA approved Phase II/III trial. Now listed on the NASDAQ*!
DO NOT go to a traditional lender for your client’s cash needs. It’ll take weeks, they’ll ask for tax returns, your personal finances, and even require collateral. TVT Capital skips all that to provide up to $15MM in cash (plus $150K upfront commission for your referral) in less than 24 hours*!
*This is sponsored advertising content.
*This is sponsored advertising content. 3.5% is an introductory offer that spans the first 90 days of card ownership, beginning on the date of card activation. The introductory offer is capped at $100 dollars in bitcoin.
**A soft credit pull happens before you’ve accepted the credit card offer. A hard credit pull occurs when you’ve accepted your credit card offer, which can have an impact on your credit score.


Grit Capital Corporation is a publisher of financial information, not an investment advisor. We rely upon the “publisher’s exclusion” from the definition of investment advisor under Section 202(a)(11)(D) of the Investment Advisors Act of 1940 and corresponding state securities laws. We also rely on the exemption from registration under Section 34 of the Securities Act (Ontario) and its equivalents in other Canadian jurisdictions.

We do not provide personalized or individualized investment advice or advice that is tailored to the needs of any particular recipient. Any information provided as part of the services is impersonal and not specific to any person’s investment needs. You acknowledge and agree that no content published or otherwise provided as part of any service constitutes a personalized recommendation or advice regarding the suitability of, or advisability of investing in, purchasing or selling any particular investment, security, portfolio, commodity, transaction or investment strategy. To the extent that any of the content may be deemed to be investment advice or recommendations in connection with a particular security, such information is impersonal and not tailored to the investment needs of any specific person.

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. While we believe the sources of information to be reliable, we in no way represent or guarantee the accuracy of the statements made herein. Grit Capital Corporation does not provide individual investment counseling, act as an advisor, or individually advocate the purchase or sale of any security or investment. You assume the entire cost and risk of any investing or trading you choose to undertake. You are solely responsible for making your own investment decisions.

Grit Capital Corporation is NOT a registered investment advisor or dealer. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments discussed in this publication should only be made/considered after consulting with your investment advisor and only after reviewing the prospectus, other offering materials or financial statements of the issuer in question. Reading and using this website, newsletter or any content created by Grit Capital.

Corporation you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

For Full Terms of Use Click HERE. For the Privacy Policy Click HERE.


No comments

Notify of
Inline Feedbacks
View all comments

Disclaimer:The publisher does not guarantee the accuracy or completeness of the information provided in this page.  All statements and expressions herein are the sole opinion of the author or paid advertiser.

Grit Capital Corporation is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.  


No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.  

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable.  They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein.  The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

The publisher, its affiliates, and clients of the a publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities).  To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.

By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

For Full Terms of Use Click HERE. For the Privacy Policy Click HERE. (“Grit”) is a website owned and operated by Substack. Grit is paid fees by the companies that make investment offerings on this website. Be aware that payment of these fees may put Grit in a conflict of interest with the investor. By accessing this website or any page thereof, you agree to be bound by the Terms of Use and Privacy Policy, in effect at the time you access this website or any page thereof. The Terms of Use and Privacy Policy may be amended from time to time. Nothing on this website shall constitute an offer to sell, or a solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction where such an offer or solicitation is against the law or to anyone to whom it is unlawful to make such offer or solicitation. Grit is not an underwriter, broker-dealer, Title III crowdfunding portal or a valuation service and does not engage in any activities requiring any such registration. Grit does not provide advice on investments or structure transactions. Offerings made under Regulation A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) are available to U.S. investors who are “accredited investors” as defined by Rule 501 of Regulation D under the Securities Act well as non-accredited investors, who are subject to certain investment limitations as set forth in Regulation A under the Securities Act. In order to invest in Regulation A offerings, investors may be asked to fill out a certification and provide necessary documentation as proof of your income and/or net worth to verify that you are qualified to invest in offerings posted on this website. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. Grit does not verify the adequacy, accuracy or completeness of any information. Neither Grit nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, valuations of securities or completeness of any information on this site or the use of information on this site. Neither Grit nor any of its directors, officers, employees, representatives, affiliates or agents shall have any liability whatsoever arising from any error or incompleteness of fact, or lack of care in the preparation of, any of the materials posted on this website. Investing in securities, especially those issued by start-up companies, involves substantial risk. investors should be able to bear the loss of their entire investment and should make their own determination of whether or not to make any investment based on their own independent evaluation and analysis.