My though about the Cannabis MarketI follow 3 markets Cannabis, Cobalt and Lithium
There is a strong similarity between what is currently happening with cannabis and what has happened with mining exploration companies for Cobalt and Lithium ores. Since the January 2018 summits, there has been no good news that seems to be driving up the stock prices of these mines. Some of these mines are in the construction or operating phase and their prices are still at the bottom because even fundamental analyses no longer apply. The decline in share value ranges from 50% to more than 95% in both markets.
I believe today that almost everyone here has been caught in the''trap'' of stock market speculators who were able to raise stocks to new heights in January 2018 (legalization in California) and then reoffend in Sept-Oct, with the difference that this time the peak was reached a few days before legalization in Canada. The parallel with the Cobalt and Lithium mines is that the buzz of electric cars only peaked between August 2017 and January 2018 but that the Cannabis saw 2 (legalization in California and Canada). I have come to terms with the idea that there will probably not be a comeback until March 2019 for the buzz of the opening of Cannabis stores in Ontario. Until then, you will have to be patient. FIRE is still one of the most undervalued companies but nothing will change as long as this market is dictated by speculators who since October 2018 have decided to drive the market down to bet on short sales.