RE:'Stay away': Bay Street cautious on pot stocks as legalizatiThat’s a good take on it, I’m getting a little annoyed with the articles because they always seem to be exaggerated. That being said, I still have no idea how a company like Tilray is valued over $200 per share right now- so I can see why people buy into the “scare” claims when you’re solely looking at the top two stocks out of the entire industry. There’s companies I feel like are severely undervalued especially come legslization if they stay at current levels, so I really don’t see why cannabis is a bad sector if you’re doing your DD...especially when I’m told to invest in mutual funds that end up dumping any potential gains right back into the financial advisors’ pockets lol
Anyways, that’s my rant for today’s reddish day...wasn’t really bad considering we’ve had steady gains over the past few weeks.
Go supreme!