Supreme Cannabis Company Inc. (The) T.FIRE

'Stay away': Bay Street cautious on pot stocks as legalizati

[theTransporter]

What's everyone's thoughts on this "scare" news article released by BNN today?

https://www.bnnbloomberg.ca/stay-away-bay-street-cautious-on-pot-stocks-as-legalization-looms-1.1139354

Possibly one of the reasons for the sell off we saw today?

Seems to me like a bunch of portfolio managers who can't sell people into the resource and energy sectors as they once did trying to divert people's money from pot stocks into the other sectors that may be suffering interest at the moment.  What they say may have merit to the overvalued pigs that are out there (i.e. Canopy & Tilray), but they are painting the entire sector with the same brush.

[MapleLeafTron]

That’s a good take on it, I’m getting a little annoyed with the articles because they always seem to be exaggerated. That being said, I still have no idea how a company like Tilray is valued over $200 per share right now- so I can see why people buy into the “scare” claims when you’re solely looking at the top two stocks out of the entire industry. There’s companies I feel like are severely

[George141]

I agree some of these portfolio managers want to lock your money for years at returns that are dismal. They call it "secure income"...Secure income for who"....Certainly not for the investor. I dealt with a clown at Bob Jones...biggest crook I had the mispleasure to deal with. Got my money out finally after a talk out in the parking lot. He basicly BS'd me on everything he said.

[OptGreen]

Agreed Trans and remember with Bloomberg involved they can't be to happy with all of interest and investment in CA MJ stocks, which is much less the case today and maybe for some time in the US. With FIRE being undervalued would explain the green finish in the red sea....we will be closing the SP gap with the likes of ACB and WEED as fundamentals drive SP. whether we will ever be on par with

[AnnoyedInvestor]

BNN has been on this negativity train for years. The hosts of the show went from smirking at the thought of MJ stocks to now having a whole section dedicated to MJ news. Whole new sector with a lot of unlocked potential. We all know not all the LPs will survive and go through consolidation. Just scare tactics in my opinion.