RE:RE:Hemp line Paul Rosen statement:
Hedge funds have provided much-needed cash to companies with little to no revenue, but the extent of their activity and the often short-term nature of many of their investments raise important questions about the sector and the protection of retail investors as legalization nears. “The retail investor likely would be concerned if they understood how it worked on the inside of the tent,” said Paul Rosen, former chief executive of PharmaCan Capital Corp., which became Cronos Group Inc., and a prominent investor in the space. “Retail investors tend to pay for the party that the insiders are enjoying.”
Investing in a young and volatile industry is never risk-free, but conversations with more than a dozen people — fund managers, investors, traders and cannabis company executives — and an examination of both public and private documents suggest that the hedge funds have employed an array of strategies that allow them to limit their own risk while securing significant returns.
Hoping this is not the ultimate aim for 1933 Industries. Feel like I really f.....d up!