Down 13% Today to Another New 52-Week Low of $0.23When will VIBE investors realize that this POS stock is just a reincarnation of VCAN and will eventually be sold for pennies on the dollar just like Ventura Cannabis was ?
The Asshat (Duster340) and the False Prophet have all but disappeared from the board after pumping this stock for years. Duster kept trying to catch the falling knife all the way down from the 60s and now he is bleeding profusely from all his cuts.
The fact is that the cannabis sector as a whole is out of favour with investors. Most Canadian pot companies and US MSOs are setting new 52-week lows on a daily basis. There needs to be a positive industry catalyst to alter current sentiments before this trend will change. It will probably come out of the US in the form of passage of the SAFE Banking Act, change in IRS Tax Code 280E, or decriminalization or legalization at the US Federal level. In the interim the cannabis sector is dead money.
This stock plays like a bad B horror movie; "VCAN 2.0 the Second Coming"