RE:The culling of the herd has started!Solely in the context of Canada.
I believe it started not long after Tilray listed in the U.S.
I also believe there will be another, must larger, days of whimsical investing when the U.S. legalizes cannabis federally and cannabis becomes legit re institutional investing.
My mj investments have very little to do with the Canadian market and everything to do with the U.S. TNY and CROP are my favourites in that order at the moment.
Charlie_Chan wrote: The whismical days of making a pile of money on any Canadian Pot Company holding a licence is over, methinks!
The official ending was cemented in stone when Constellation ridded themselves of BL. The NEW criteria for Corporate value is in sales and making profit, not in how many million sq ft of production area available for growing weed.
I beleive the constant RED in the day to day Cdn MJ stocks will become a constant pattern as the most prudent investor cashes in whatever they can in whatever stock they may hold.
The day to day negative share price for TNY is because (My opinion, of course) we are still held in the same basket of losing Cdn MJ players that are being shorted as the floor is beginning to fall out.
Very shortly, we will be valued for the entity that we are. Namely we are a California beverage manufacturer, with future growth aspirations to Nevada and New York in the short term, and international sales (including Canada) and third party beverage production for the MJ industry.
I believe we will shortly be de-coupled from the losing Cdn Pot Companies and become a leader in the MJ beverage market with massive sales to coincide.
The present Market Cap of slightly over $55 Million is almost laughable! I am topping up with a few more shares as our time in the sun and Chubby days are very near, indeed! (My humble opinion, of course)