ValuationEveryone seemed to agree that all mj stocks were extremely overvalued at their peak prices. Then, they pulled back to lows that everyone agreed undervalued these companies. After that, most major mj stocks climbed to about 50% of their highest valuations. They have all been rejected at that halfway point, and have fallen back to what you could argue is a place of equilibrium. I sold this today, because it seems that getting back to about $1 is the best we could hope for, and we are clearly not heading in that direction atm. The money is better placed in other sectors. Of course, long term who really knows how high this could go, but waiting in the red on penny stocks is something I try to avoid.