GREY:CHALF - Post by User
Comment by
daveinvestoron Sep 16, 2018 12:04pm
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Post# 28628492
RE:More realistic
RE:More realistic The travel issues have alwys been there, it isn’t a new problem or even a big one. In my opinion I feel the main reason for pullback in the sector is as follows
https://www.fool.com/investing/2018/09/15/3-top-marijuana-stocks-wall-street-expects-to-drop.aspx It’s been mentioned more than once, but most of the Canadian major MJ companies are bloated and way over valued especially considering the very limited size of Canadian market. California itself is a bigger MJ market than Canada.
Take what you you want from the article but they are predicting a 25% drop in Tilray, Cronos and Canopy. So unfortunate that a company like GLH which has been hitting it out of park lately could not see a percentage of some of that crazy investment. SNN also US based MJ company also seems to be suffering GLH’s fate.
Good Luck Longs