Emerald Health Therapeutics Inc TBQBF

Previous Financing Price Means Not Much During a Long Lull

[Invest4Life2016]

The majority of the MMJ plays' current share price are down an average of 30% from their previous financing and will continue to fall as buyers will inevitably dry up.  Sell on news has been the perfect scenario for these plays.  Now most plays will have pullbacks of 40% - 50% in the next several months due to their market cap not reflecting their current measly earnings and of course this will draw increased short positions.  I would of kept a core of EMH but there are too many day traders and short positions that will drive these plays down no matter the positive fundamentals these plays will have come by July 2018.  

Provinces are already claiming that July 2018 is too early to fully impliment legalization.  Would not be surprised to see the legalization date postponed to coincide with federal elections, because that's the only way Trudeau would be re-elected.