RE:Will this stock just go lower and lower?Market is laregly in a holding pattern right now. I see another move coming on the heels of the third and final meeting of the Senate Committee, expected on or before June 7, 2018. If no amendments are made, recreational sales should commence Summer/Fall 2018.
Personally, I see it passing however I see the provincial enactment of sales happening on a rolling basis. Ontario, Quebec, Manitoba & Alberta are all pretty far along, others are lagging. Still massive supply-side issue which people don't like to acknowledge right now.
Also, please keep in mind that everyone has a different opinion, none of us know anything that the government will do ahead of time. If anyone says they do, they're liars.
I don't see the stock going much lower than it is now, really depends on Hiku though at this point or a larger macro move (as mentioned above, pending legislation). Remember, fundamentally, WeedMD is better off now than it ever has been (especially if/when the Hiku merger goes through).