RE:RE:RE:RE:Q4 ends in 2 weeks!!GoTogether,
Thank you for the reply.
My posts are hardly simplistic....
Perhaps you've read my recent note to Mack.
I completely agree that "sin-stocks" are considered recession proof. Whether you include alcohol, gambling, tobacco or most pertinently marijuana. My concern is that the MJ sector is still a very high beta sector as it is in its infancy therefore institutions and high networth individuals (the ones that really move the volume and price) may not yet put it in the sin sector alongside the aforementioned industries. One only needs to look at Ontario's recent decision to put the breaks on retail sales due to perceived supply chain issues. TNY shareholders know California is also having a rough go in putting consistency forward to the market and Colorado is the grey-hair of the industry but its sample size is arguably too small. All of this tells me that MJ is still a "growth" sector not "defensive." When people are running back to their bunker they are going to run to Constellation and take the dividend and the booze; not Canopy and the growth. A step further, people will take the large cap Canopy over the small-cap Tinley. That's just how market allocation works based on the percieved risk profile and where we are in the economic cycle.
Just my $0.10 worth....