RE:RE:RE:Good resultsTheProphetElijah wrote: Knee jerk reaction down, then finish in the green.
Oh how naive The Idiot Elijah truly is. This is not a knee jerk reaction. The market reacted negatively, as it should, to the following statement:
"Pushing out positive Adjusted EBITDA target
due to market share challenges in the Canadian recreational business and a slower-than-expected ramp-up of U.S. distribution for BioSteel."
The US cannabis market is the most lucrative in the world and WEED can't access it fully until federal legalization becomes reality, and that isn't happening anytime soon especially if the GOP make gains in the mid-term elections. The SAFE Banking Act will benefit US cannabis companies when and if it is passed as part of the NDAA but it will have no sustained impact on WEED or most other Canadian cannabis companies.
If you believe the SAFE Banking Act will pass then you should invest in CURA, TRUL, or GTII since US cannabis companies should make large upward moves on that news. WEED is dead in the water for the immediate future and will end today deep in the RED.