RE:RE:RE:Pathetic Most longs are steadfast in their belief that WEED will rise again. They wouldn't dare sell at these price levels, especially those that have missed the multiple highs. FOMO has a strange debilitating grip on people that puts them at the mercy of their dreams. Original WEED shareholders have convinced themselves about not having lost a single penny throughout these 8 or 9 years as they continue to hold. Sitting that long on an original investment, then adding insult to injury by randomly doubling down after missing the highs, is a recipe for disaster and in my view, wasted time and wasted capital. Having the money to invest is one thing, but knowing when enough is enough is the part that will keep your money moving and working for you. Sitting for 8 years and almost back to where you started is a loss IMO.
Rotaluceps wrote: angelnicky wrote: it will go back up in time (years if you can wait)
may test 2.00 before it starts back up
company should of offered shares when it was in 20's for working capital
now should a share offering take place it will increase dilution
If I think a stock will reach $2.00, I will not wait. What a weird way of thinking. The prospect doesn't look good for many years. The mj companies all face the same problems, lack of revenue because of the big competition, bad management, the tax, the complicated laws to name a few.
If the Senate vote is positive, they will enter the US in an already huge competition. The best thing to do for the long is to stay on the side (I wrote this on May 27), at least they will not lose more. CGC will be "adjusted" EBITDA positive in 2024 ---> 24. Though, I would take this with a grain of salt since the companies missed their target. This saga will last for years.
It is not even EBITDA, but "adjusted". It is obvious there is too much competition and it will not change. Cannabis is becoming a cheaper product and the huge profit we all thought we would do some years ago is gone, finish. Now this is a game for dreamer. I want to specify it is about the Can market. I don't buy the US either.
Then are we heading for a severe correction. The DOW was down 880 yesterday. I own no shares. I will probably buy WEED if the Senate vote is positive, the vote being before the August recess, when, I don't know. I will play the news since the legalisation will push the sector. I will sell when I find it adequate. It will not be a long position. The competition is already stiff in the US, entering the US will not do any miracle for them.