RE:The First Marijuana Mutual Fund Cutting Back On Small LPsThanks for posting. I told people here a month or so ago that canopy would fall but I was made fun of (perhaps cuz I’m 71 and people think this old guy knows nothing) people did not want to hear that Canopy woukd fall so I was put on their ignore list by many.
I have been in the markets over 35 years and said Canopy is no longer a penny stock and it will take time and patience for Canopy to grow. But no people here did not want to hear this.
Now on another major issue there will be a huge glut (supply) of pot therefore that will hold risk and may send it down much further than many think.
To make a long story short Canopy is a great long term hold but does carry a lot of risk as all stocks do.
PS I hope those who bought in like I did when it was trading below a dollar took their profits and then some and let the rest ride
Good of luck to all.