Some cannabis companies are crumblingYou've got Green Growth Brands going into receivership and are a 10 cent stock. You have huge MSO, ianthus defaulting and down 96% from their peak. Then you have TNY, who is going the other direction, building slowly, patiently and tangibly - a real business run by top tier mgmt. Very little debt, low share count and landing new deals.
There will always be companies that thrive when most are drying up. You will see more and more announcements like GGB, CannTrust, IAN and more but folks will fly to quality.
People still hardly know about TNY, once they do, watch out. Many will exit positions they are flat on or losing and look to make back those funds elsewhere by asking where's my best ROI?
It will be for many, worth taking a hit on their current dog to snag a position in TNY while it is (hard to even believe I'm typing this) still under $0.40!
The next NR about licensing will really get this thing moving.
*Prepare thy pants Chan*