RE: undaunted for the future.fyi ... "
Korey Bauer, chief investment officer of Foothill Capital Management and portfolio manager of its Cannabis Growth Fund. “We’re going to have a few companies that are going to dominate and you’re going to see everybody else just left behind.” "While stocks were tumbling, consumer spending jumped 46% in 2019 to $14.9 billion. That number is expected to nearly triple to $42.7 billion by 2024, according to Arcview and BDS.
“While valuations of public cannabis stocks may indeed have gotten ahead of themselves in the wake of Canada making history in October 2018 by legitimizing legal cannabis on the world stage, the subsequent sell-off looks extreme from the mid-point of a two-year period in which a $10.2 billion2018 market appears on track to more than double to $20.7 billion in 2020,” the report said.
OGI: slow and steady wins the race. Its tough but, be patient, longs.
https://www.bloomberg.com/news/articles/2020-02-02/pot-ceo-job-security-is-getting-more-precarious-cannabis-weekly?srnd=markets-vp