New Low Coming...Ouch!Everyday I'm more and more underwater on CURA and I don't see anything changing soon. I believe we will hit a new low of below $2.97 soon as there's no positive news coming. All the news that was suppose to drive US pot stocks up is pretty well built in. The shorts are in total control and something big in the way of positive news is needed, but I don't expect it anytime soon.
There needs to be positive news on rescheduling to save us, but that may not happen for a few months more (Sept/Oct?). More and more states go legal rec. and it does nothing for CURA. We pretty well know their financial results (which were good) but does nothing to the stock. The Tier 1 listing will do little in my opinion as it doesn't change anything to improve their financial position and means little to shorts. Pot is still illegal so institutional investors won't come in. Larger institutional investors also have minimum price caps on the stocks they buy for example $5, so anything below they will not touch.
This is going to sting for awhile and I'm not a buyer until I see something meaningful and positive. GLTA