RE:RE:Market cap approaching $1 billionTouran77 wrote:
VeritasVern wrote: At some point valuation will determine the stock price again. $1B cap with negative profits, perhaps take some profits before the big boys do.
Hey Vvern! Long time no see.
If you want to play the game of just throwing number without other facts/context, here it is:
Canopy Growth, $12B cap with negative profits.
If that is reasonable go with it. The market will decide. The current run has to do with Dems controling both house and senate which doesn't mean immediate profit for Canadian companies. Pot cant and doesnt move between the 49th. This run is exactly like any other which is mostly on seculation in Canada but more likely a benefit for US producers. If you cant see that then you may be a perenial bag holder like q who is still probably down 60%.