What Goes Up Must Come Down?It goes both ways. What goes down will eventually go up as well (more dependent on legitimacy of the company). The correction was to be expected looking at the huge runs its had by years end. The pot stocks have not failed to follow their year over year trend. They will find strength at levels seen before the run ups and the big players will come out on top.
Before the run any and every company that had anything to do with cannabis was going "to the moon". Now the weak players will fall off. There was a lot of newbie investors as well that caused the run up and are now panic selling taking whatever profits/losses they can. We know this because of all banking investor platforms crashing due to the amount of people trying to "trade".
Some things recently that continue to show strong support in the pot sector are;
1) BNN interview with Brett basically highlighting all top players that will succeed
2) BMO doing a financing with CGC for $200kk+
3) Legalization is on the way and nothing has changed
Some things that make Supreme a better pick (if you only have enough money for one);
1) Further expansion which can be sped up/paused any time depending on market conditions
2) Sony Gokhale stock options were given at a price of $3.05/share
3) Possible expansion internationally
4) Deal with Namaste for 6kk for the year of 2018
5) $80kk+ in the "war chest"
6) More acreage bought across current facility
7) Support from the people of Kincardine/job creation
8) Unmatched quality of cannabis
With over 150 people employed at a minimum wage of $17/h Supreme is about more than just growing quality cannabis. When you treat your emplyees right they will do the same for you.
Early investors of Supreme are still holding strong in my opinion and have no worries, myself included. We've been through this many times before and without reason as well. I see no need to panic here as the industry is still in its infancy. Majority of the bashers on here talk as if you need to be selling high and buyling low constantly. Keep in mind when CGC hit $18/share and dropped back down under $10 people thought that it would never touch that range again.
I personally believe Supreme is aiming to be the Hennessy/Dom Perignon of the cannabis space. In the previous video John Fowler points to the seeds behind him stating those would be worth more than everything they currently have growing.
Make your own educated decisions and don't listen to the outside noise. Hold strong, hold long, have a strategy and you will be rewarded as long as you've got a proper company and you've done your DD. I've been in this sector for many years now and every year they try to build fear into the retail investor "shaking the tree" as they say. Pot stocks have made a lot of people a lot of money and that I'm sure isn't good for the economy if the rich are getting richer but the poor get rich as well.
Canada will be a world leader in the cannabis space, at the beginning anyways, due to the fact that we're well ahead of any other nation in terms of recreational.
Good luck to all the strong longs who continue to see past the BS.