Post by
mercedesman on Jan 05, 2022 5:26pm
It's interesting...
In considering the .13 bid and .14 ask....today...
Last year at the end of 2020 and the beginning of 2021 when the Cannabis market was on fire (anticipation of the election of the Dems')....
....that QCA did not participate or hardly moved at all during the extreme move to the upside by the whole sector (see sector graph below)
Now that the Cannabis sector is in the doldrums, we (QCA) ARE (or sure seems to be) participating in a downside way.
https://nicinvestors.com/cannabis-stocks/the-cannabis-etf/
...and so while there is some hope that, with the mid-terms end of 2022, both parties will be looking for votes on the issue of legalization.... I am not sure QCA's SP will benefit...in any meaningful way (ie as in the past or the months leading up to, and following the US election)
...with QCA it seems to be more of a one way street. ie. stays flat when the whole sector goes up, and falls when the whole sector retreats.
Can anyone recommend any individual plays (whether owned by Quinsam or not) that will benefit from increased US chatter in 2022? Even the Republicans will weigh in to try to get votes and future tax revenues. Thinking of doing some bottom fishing here. Canopy ? Too obvious? Any of the players making money or well positioned to do so if the US jumps on board? Just the possibility will move the market.
MM