Historical Highs I keep seeing all these poo-poo posts that try to explain why the shares will continue to be priced low however they fall short of explaining how the cannabis stocks traded at their historical highs back before they were anywhere close to being profitable.
Here's the reality, news moves the market, it's true today as it was back during the peak pricing periods.
Cannabis was in the news alot back when Canada legalized and there was much speculation that the U.S. would follow suit in the year or two following Canada. Rather than that happen we seen a pandemic come in and that took headlines with it producing a great deal of FUD in the market.
IMHO the cannabis sector will eventually be either making headlines again through progress towards legalization in the U.S. or as the cannabis companies turn profitable.
In terms of debt, first off most folks are looking at the wrong numbers and need to actually review the reports from the companies to get accurate data (on their website or Sedar). Another fact is that some amount of debt is carried by all companies, even those everyone admires etc. You can always go to these reports as well to see that debt and expenses are a reality of doing business.
Do your own due diligence, don't expect someone to do it for you. Making money on the market requires work and patience. If you don't do the work or lack the patience then don't expect rewards.
I hold for long periods and run a dollar cost average strategy. It's not sexy, it doesn't require a ton of trading but it does require a high level of tolerance for price movements and a discipline for partial trades once targets hit. I would suggest thinking through your plans, targets, timelines etc before investing in any stock.
Q
Long on TLRY