Cannabis Giants....
Sadly, for all those that got in when CANN, was a mining stock, you are now seeing how the industry operates. Pump the news about getting into the Pot sector, sell stock with warrents, to raise money....directors and exec's take profit....let the stock drop.....hype again, about getting into bed with Canopy Growth or another Cannabis Giant, ride up the price and again the directors and exec's take the cream.......down goes the stock.
Saddle that with a bus load of penny flippers, with no interest in the company but daily profits, and we have todays problem, declining confidence in the industry....
So what...? CANN has a licence, means nothing if the stock is over watered and the "Real Pot Gowth" is moving at a snails pace. Look around and you will see dozens of companies, LIKE CANN
that are in the same boat.....over diluted, and very slow bricks and mortor growth.
I, have been in since the mining days, and with the volume of Shares out there now.......sadly, all is see coming, is a STOCK SPLIT, then more hype, and merging with insiders getting cheap stock, for pennies below what we pay. Then another announcement, about how they are inventing a new breed of plant that cures everything in the world.........!
This is a business that all the companies on the TSX do........bleed the little investor.
Honestly, what i have learned about how the exchange works, how companies are allowed to use bogus information to get investors on board.......is no better than it was in the cowboy days of the 70's.......I see only 10 big pot companies in the next few years, owned and directed by Big Pharma and governmment........I wish you all good luck.