Post by
trevorlawrence on Sep 15, 2022 6:34pm
share price
I bought into cannabis shares about 3 years ago thinking that there was a future for the industry. This was a mistake. The demand for cannabis is small and there is probabbly an oversupply of cheap cannabis from traders that do not have an official registration. £3000 to £300. The purchase was based on FOMO and I got burnt. The share price is now too low to sell and have essentially written off the investment. Sad.
You never know, but on the whole I am pessimistic on share price gains over the next 1-2 years. As previously stated , now, too cheap to sell. I feel soryy for those who have invested more than my £3000. There are no get rich quick investments, and to have one winner , there have to be some losers- this is one of them.
I plan to keep my shares, but do not plan to increase my holding until profitability is achieved. I am not convinced that managememnt have been entirely truthful with the growth of this company but essentially I blame myself for being greedy and deciding to invest in a risky business as opposed to investing in in established blue chip companies.
I hope the BOD surprise us one day , but realistically, I think that this is unlikely.
I hope that someone reads this post as it is the first one that I have ever made.
Best wishes
Trevor
Comment by
Macpoor on Sep 15, 2022 9:14pm
Is that 3000 EURO? If you are talking about over $4000 or even $10000 is not much lose comparrison to someone lost above 6 figures ! Good luck