More bad news....The flagship of cannibis stocks, Canopy (WEED), have had their revenue earnings estimates slashed by Scotiabank.
Canopy took in 83 million$ in revenue last year.
Constellation Brands Chief Executive Says he expects Weed to have revenue of over a billion$ next year...Constellation Brands bought 38 % of Canopy.
Government dithering and foot dragging is no help either. Speculation is that Constelkstion would pull out of Canada and look for a more favourable business climate elsewhere.
These kinds of headwinds are the cause of all MJ stocks to decline...the trend is downward my friends.
My belief is if you like this stock at 1.88, you’ll love it at 1.45.
Sorry to p$$ on the party. I’m putting my mouth where my money is( or where it used to be)