Ventura Cannabis and Wellness Corp CVHIF

RE:RE:RE:RE:RE:RE:RE:RE:Just checking in....

[TONNAGE]

westcoastlogger wrote:

Tonnage the numbers on some of these pot stocks make absolutly no sense whatsoever. Most of them are going to have a serious issue of living up to the multiples they now trade at. Kind of like a Tesla with a MC more than Ford. Get real. Doesn't make sense. In Oregon right now where pot has been legal for a couple years, pot shops of all shapes and sizes populate every town. One big problem though. 900 tons of weed sitting in warehouses that can't be sold because the market is so over supplied. Kind of building to that in Canada I think and there will be a horrific day of reckoning IMO.

You are 100% correct! The numbers make no sense, but it is what it is and it will continue to go up! Remember, the big players haven’t jumped on board yet because it is still illegal. Kevin O’Leary has stated that he won’t touch the MJ sector until it is 100% legit. As crazy as you think those prices are, don’t forget Constellation brands injected $5 billion into canopy because it doesn’t see it as a major uptrend play and made the baseline of the stock $48.60????? I’m pretty sure their due diligence is 1 million times better than yours or mine. All I’m saying is why try and stay afloat in BLVD when you can ride the wave, make some cash and come back.