RE:MGW - Support at 48 cents (for now)justme7899 wrote: After that 39 cents will be the next level.
It is going to be a long, lonely summer for all MJ stocks.
And nearly 4 years (since the first announcement of Telkwa B.C.) before MGW has a chance at getting their HC license to maybe sell MJ. Now that is great management.
On this type of stock charts showing the past mean nothing. MGW has ambitious plans and there are a number of catalysts that can make it move. Maybe on a stock like WEED with future prices already valued in, but not one like this that has not even popped yet. There is potential to be selling oils to China, and even just a small percentage of that population dwarfs anything in the US and Canada. Then there is the revenue that will come from the additional greenhouses in California. This is a long-term hold.
I bought my shares in the PP and intend to buy every warrant when the time comes. MGW could easily be $8-10 in two years. Raymond's ties to China is what sets this one apart.