RE:Been her since day 1.Cannabis stocks currently trade cheap - Period. This is obvious by reviewing historical charts but the primary indicator is the fundamentals.
Many of these stocks have been beaten over the last few years by macro level factors outside of their control. Examples include the sell off that occurred during COVID lockdowns, FUD in the market with the onset of the Ukraine war and most recently the Israel conflicts.
The companies still standing suffered the slings and arrows of the market are remain as the survivors however trade substantially below where they should be
With newly announced steps towards rescheduling cannabis in the US it is reasonable to say that these cannablized and undervalued shares will not remain available forever.
IMHO investors need to add cannabis stocks to their list of stocks to research and consider. Other sectors are peaking out with cannabis yet to start it's next period of positive upward trends.
Current investors need to remain patient on those stocks they have faint in, again through research and future speculation.
IMHO those with the stomach to ride out the coming weeks and months will be those who reap the rewards. Those who hold longer are likely to be rewarded the greatest.
JMHO/DYODD
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