RE:RE:RE:RE:Canopy buys FIRE.TNewYorker99 wrote:
If today is any indication there appears to be another correction coming in the Cannabis sector. Investors aren't happy with Aphria's earnings or Canopy's acquisition of FIRE. Both stocks are down along with other bellweather MJ stocks like ACB and HEXO. Unfortunately VIBE will not be immune to this sector carnage and should be sub $1 very soon. I have already exercised my 1st tranche of VIBE warrants and sold those shares for $1.30+. I am looking forward to doing the same with my 2nd tranche but doubt that the share price will be even close to the current come May. Regardless, I will be happy to put the VCAN mistake behind me and move on to more profitable pastures.
I have to agree with you about a downturn in the Cannabis sector. It may be temporary until we hear some positive news from the Biden administration about legalization at the federal level.
As a previous VCAN shareholder I exercised my VIBE warrants from the transaction as soon as they appeared in my accounts on March 24th I then sold half my VIBE holdings on April 6th when we broke the $1.40 threshold and there was heavy trading volume. I am now wishing I had sold it all. I have orders in to sell the remainder if we hit $1.40 again or breach the $1.10 mark. I too believe we will be sub $1.00 in the near future and may consider buying back in at that point.