RE:My "Guess" for Cannabis Stocks in 2020Bradwait wrote: Things have changed greatly. Look at all the stocks with class action lawsuits coming at them. Massive dilutions happening just to fund enough to stay alive. Us, Hexo and others.
Some cannabis stocks will survive but I suspect a lot will take their last breaths in 2020. I do believe WMD will be one of the survivors and eventually a thriver based on the depth of their vertigal integration. But WMD will soon have 210 million shares o/s and counting, so it will not be as easy to get gains as it was with just 114 million shares o/s. That should be obvious.
A lot of people got their azzes kicked with cannabis stocks in 2019 so that will not be forgotten and over hyped aspirations will not get a lot of followers. Flat out optimism not happening anytime soon with 2019 so close in the rear view mirror. Maybe 2021, or 2022 when the few survivors flourish, more optimism returns to the sector.
I expect more pain for some in 2020 though because almost for sure some companies will not be here next year at this time.
Felt that butt kicking pain in TFSA account because have to wait Jan 1 2020 to get $6000 worth of WMD to average down and get 50% loss a lower %. Was able to average down in cash account with same book value as TFSA and only down 12% there by buying on dips. All other LP's out there are in trouble no doubt. Investors need to do their homework and find a LP with sustainable business plan that will be profitable. Something like this ..........
https://investors.starseedholdingsinc.com/