GREY:CBICF - Post by User
Post by
QcMoney90on Sep 04, 2018 9:39pm
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Post# 28562842
mpxxxxxx
mpxxxxxx With the market caps of the Canadian-based MJ companies seemingly defying gravity and growing by the day (just look at WEED today), I wonder at what point the money starts to move over to the ridiculously relatively undervalued US-based MJ companies. With a relative valuation about 1/8 of their Canadian cousins, the US-based MJ stocks are still getting no respect.
I wonder what the major catalyst for this move will be... It will likely be closer to the US mid-term elections, as both parties scramble to support MJ de-scheduling and / or States' rights bills, so they can take credit for it during the midterm elections.
I am still in both Canadian and US MJ companies but I have started weighing things heavier in the US direction, in anticipation of a wave of support for the stateside MJ companies. They are killing it with the revenues - they just need to catch up now valuation-wise...