RE:The debateDarkSideOfZeCut wrote: The debate it seems now is wether or not these mmj stocks are overvaluated. Are they? Maybe maybe not. One thing is for sure though only 2 of them are generating profit, only one is extremely well positioned, there is no surprise why WEED "only" suffered 3% last Thurs, compared to others whobshed close to 10. This is the play to be in if you want to be invested in this business. So if this mmj market correction materialise I suspect some money will fly out of all of them and the same amount of money and more, to come back in only a few of them, in that sense, WEED being the most credible mmj out there will pass through the storm with much less difficulty than lots of smaller CSE, venture and even tsx listed. Now will there be a small, a big, no correction? has it corrected already? We will see next week, I expect a few green day, legalisation is good. But sincerely would not be surprised to see it drop a bit.
For a 1.5 billion valuation....you think the profit justify's the sp?