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Korea’s nuclear program and missile launches go unchecked. There is rising risk of
document IMAGES-003-HOUSE_OVERSIGHT_014535.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Korea’s nuclear program and missile launches go unchecked. There is rising risk of military incidents—or accidents—in the South China Sea and across the Taiwan Strait. China is the most likely source of global economic shocks over the next two to three years. The country’s lead...

at the end. Risk theory reinforces that impression by adding that the contribution of
document IMAGES-001-HOUSE_OVERSIGHT_010968.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

at the end. Risk theory reinforces that impression by adding that the contribution of productivity in the form of realized work/human capital actually declines. One cannot pound too many stakes through the heart of the doctrine that pay compensates realized work alone. Next Gen...

[email protected]
document IMAGES-008-HOUSE_OVERSIGHT_024819.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…discussions of 21 public and private operators that currently have exposure to the category, including Outperform rated Canopy Growth, Tilray and Turning Point Brands, which have all announced plans to enter the U.S. CBD market. The Science of CBD (Nadeau) Cannabis’s therapeuti...

CHAPTER VII Capital Markets for Cannabis Companies
document IMAGES-008-HOUSE_OVERSIGHT_024763.txt Nov 30, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…bis legislation in Canada by Prime Minister Justin Trudeau and, more recently, from Constellation Brands’ investment in Canopy Growth. © 2017 Ackrell Capital, LLC | Member FINRA/SIPC 127 HOUSE_OVERSIGHT_024763

Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024766.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…NM 48.6 13.6 NM 30.4 CanniMed Therapeutics Inc. | TSX:CMED 15:15 10.9% 347.8 315.8 12.0 2.0 26.3 NM 10.6 54 48.5x 13.3 Canopy Growth Corporation TSX:WEED 14.30 15.1% 2,720.6 2,641.7 46.3 19 57.1 NM 39.7 11.7 NM NM MedReleaf Corp. TSX:LEAF 12.66 13.7% 1,146.2 1,094.8 32.9 97 S61...

CHAPTER! Executive Summary
document IMAGES-008-HOUSE_OVERSIGHT_024649.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… minority investment, by acquisition or otherwise. We have already seen examples: Constella- tion Brands’ investment in Canopy Growth referenced above and the more than $400 million spent by The Scotts Miracle-Gro Company (NYSE: SMG) to acquire soil, fertilizer, hydroponic equipm...

Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024648.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…mple, Constellation Brands, Inc. (NYSE: STZ), a large beverage company, recently invested approximately $190 million in Canopy Growth Corporation (TSX: WEED), a Canadian cannabis company. According to public filings, Constellation Brands has credit agreements with a number of lar...

Legend for Price Chart
document IMAGES-008-HOUSE_OVERSIGHT_024920.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…024/17 Jul 16 1:(1):$13.00 01/10/17 100 80 60 40 20 0 Apr 16 Legend for Price Chart: (1):$10.00 06/14/17 Oct 16 Canopy Growth Corporation Rating History as of 02/25/2019 Jan 17 February 25, 2019 powered by: BlueMatrix (1):$10.50 | | (1):$24.00 | | (1):$44.00 | | (1):$4...

COLLABORATIVE INSIGHTS February 25, 2019
document IMAGES-008-HOUSE_OVERSIGHT_024831.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

COWEN COLLABORATIVE INSIGHTS February 25, 2019 Figure 6 - 2017 Production Less Operating Costs Per Acre (Cash Grower Margin/Acre} Corn Soybeans Gross Value of Production Operating Costs Seed 2 Fertilizer Chemicals Other Operating Costs Total Operating Costs Cash Grower Marg...

$20,000.0 eae - $6,000
document IMAGES-005-HOUSE_OVERSIGHT_018823.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Area Analysis 13 USVI Commerce $20,000.0 eae - $6,000 $18,000.0 caieeaaieaatiiaiaeaaaaaaaia = eae $16,000.0 ‘ie $14,000.0 | ean. $12,000.0 $10,000.0 - $3,000 $8,000.0 $6,000.0 ; am $4,000.0 - + $1,000 $2,000.0 $0.0 t iy T T T T T ‘ia oi 10) 2007 2008 2009 2010 2011 2012 == Total...

The insider with an outside view
document IMAGES-007-HOUSE_OVERSIGHT_023702.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

PAGE 32 CHINA DAILY EUROPEAN WEEKLY JULY 13-19, 2012 Last word The insider with an outside view STRATEGIST, BANKER AND AUTHOR HAS INTIMATE KNOWLEDGE OF CHINA — AND ITS LEADERS By ANDREW MOODY andrewmoody @chinadaily.com.cn obert Lawrence Kuhn says the West often doesn’t u...

Economic Research: How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible
document IMAGES-008-HOUSE_OVERSIGHT_025782.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Economic Research: How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible Ways To Change The Tide There is no shortage of proposals for tackling extreme income inequality. President Obama has proposed an increase in the hourly minimum wage to $10.10 fro...

higher-than-expected International investments. The biggest downside risk is lower
document IMAGES-003-HOUSE_OVERSIGHT_014942.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

higher-than-expected International investments. The biggest downside risk is lower revenue if Tinder experiences a decline in popularity or public perception. Netflix, Inc. (NFLX) Our $154 price objective is based on a peak penetration sum-of-the-parts analysis which discounts...