RE:This would be a good time telecaster_400 wrote:
to move your money to TGOD where it can grow beyond your wildest dreams
If you are planning to move it away from the producers, a better place to put it would be with the extractors who are the next link in the cannabis marketplace.
I put some of my money into Labs back in December under the $1.50 mark and the shares hit a new high in the $7 range earlier this morning. They reported something like $22M in top line revenue and $6.9M bottom line profit with a current market cap of only $782M dollars. Ceertainly looks cheap compared to all of the bigger name cannabis stocks.
Ifyou want something cheaper, I guess you can go with the supposewdly second largest extractor in terms of Valen Groworks with a share price of $4.50 today for a total market cap of only around $500M dollars. Seems to be following in the footsteps of Labs and had a 7.66% share price increase today.
Just food for thought in case anybody is thinking of diversifying beyond the currrent big boys here.