Cannabis Stocks Sell Off Continues and Valuations Are Beyond Realistic
Cannabis Stocks Sell Off Continues and Valuations Are Beyond Realistic
Cannabis Stocks sell-off is getting beyond comprehension. Some Cannabis stocks are now under the valuations for their total equity, representing a play on cannabis stocks stating that the values are excessively too low. If you are merely looking through book value on cannabis stocks, this represents a significant opportunity to make money in the stock market simply because cannabis stocks are so far below valuations.
The eventuality is that cannabis stocks are going to become far more valuable once cannabis federal legalization occurs. Look for cannabis federal legalization to occur with Biden re-scheduling cannabis under the controlled substance act and, because of this, cannabis stocks will shoot upward significantly.
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I hope you are right!
Do you think hcanf stock can hit 100-1000 again?
Mj etf cheap, undervalued!!
Just one guys comments. So take it as such. Thank you for the Price/Book numbers – good info. Price/Book is only one number. Is the company making money.? Can the company stay solvent for the next 2+ years. The market is pricing in a large number of these stocks going bankrupt! Looking at your chart some of the big players have really good Price/Book. So this is awesome info. I would be very selective.
Now for more of my opinion. (I got a lot of them. lol). The odds of legislation passing before the end of this year is closer to 0% than 50%, Weed stock are like Uranium stocks the have a very high beta. Plenty of risk/reward with out doing options. Some weed stocks fundamentals are great but they could still be dead for the next 2+ years or more. There is a famous saying: The market can stay irrational longer that you can stay solvent.
What I’m doing: I have positions in GTBIF, CURLF, TLRY and PLNHF that I opened on Monday. A uranium chart guy mentioned how good the weed stock charts were looking and I agree. My positions are small enough and I have enough conviction that I will hold these position for the next two years. Not sure what it would take for me to add more maybe a 20% reduction and the company fundamentals staying the same.
I believe there are going to be tons of bargains if/when the market crashes, doing my best to have a large position in cash and short SPX. I’m having a little issue with self control, I’m seeing stocks right now that are hard to resist.
Cheers everyone, hope your investing goes well in 2023.
Hey, any reccomendations on specific options chains in this sector? Having trouble finding liquid and fairly valued IV chains. So far MJ, ACB and GRWG are the best I’ve seen
Money losers. All of them !
I appreciate these videos man. You break it down nice vato.
What worries me is that my Marijuana portfolio is down -97% and that you’re literally the only person in this world who analyses cannabis stocks 😢
It was 4.2.. now 0.25…. my average price is 1.9
I’ve been watching you for about a year and a half and have learned a great deal from you. Thank you. I’m really looking forward to the options video that you mentioned that you intend to make around the first of the year. Any chance of getting it earlier? THANK YOU for ALL your videos !
Can you tell about hexo bro I am down lot of money on it
Also ….. kiron and cresco…. Class action lawsuit on inaccurate THC %
Mj price compression story is an issue too in a lot of states due to over supply
Im backing up the truck this week
Howard marks explains how investors go from it will get better forever to its completely hopeless and it’s important to know where we are in the cycle. That said now lets analyze where we are today. Great video
You have a lot to learn when it comes to the retail markets! Your analysis pertains to big cap stocks, these could go to pennies. Stop screwing people up!
P/b is almost meaningless in unprofitable companies.
Since the DEA sets the scheduling, what are you guys even talking about???
Under the Controlled Substances Act, the federal government — which has largely relegated the regulation of drugs to the Drug Enforcement Administration (DEA) — puts each drug into a classification, known as a schedule, based on its medical value and potential for abuse.Aug 11, 2016
You have not mentioned statehouse for a while . I live right buy the Oakland facility so it’s one of my favs . I Feel like eventually they will be bought or become a powerhouse even though they have struggled .
Tilray to the moon!
Price/Book is useless – tells you zero about underlying business.
its being brutalized even more bro xD
You make a good point about " book value" and eventually they will rise . But even at book , they are tuff to buy up because of there cash burn. Ive been cost averaging down for a year and got killed thinking that this " safe banking act " is basically a no brainer to pass. I mean our mso s employee thousands of people and these companies are being treated like second class companies. In this " safe bank theory of must pass" im down 60 % . I would be down more if i wasn’t buying more and more . But there is a point where you see your portfolio dwindling down, you see the money disappeared , its very high pressure . Long term we are good . But ive been saying for the last 4 years .
Was that bang chocolate????
The vast majority of these stocks are going to zero. Period.
Yes but there are undervalue always!
So much has happened to $AVTBF. Let’s see a video!!
Tech stocks are a disaster!
But Cannabis Newsletter Stock Picks are beyond disaster!
I hope no one put too much money into this Furnace. SMH!
What about Clever Leaves Holdings?
Clever Leaves!! Lets go !!
Federal legalization or at least decriminalization is around the corner. 1. Looking at what happened to Canadian mj stocks after they legalized is enough motivation for me to continue buying US MSO’s. 2. Cannabis sales from California alone is more than all mj sales in Canada. 3. Many big companies are sitting on the sidelines waiting for US laws to change so that they can buy/invest/partner with US MSO’s and take advantage of this new growth market. Hang in there people…this is a once in a lifetime oppurtunity.
Question: doesn’t the DEA control scheduling?
You recommended Your way cannabis (Trading halted),
Lowel farms, at $1.15, now at 11 cents. I could go on and on. what a disaster!
Yes, these are all way undervalued. This will take some time, the sad Republican senate could make this all go legal, but they won’t pass it, that is sad. In time it will be legal in all states. Question is when?
This is a natural and genuine comment and definitely not an obvious scam. I’m just an innocent new investor and I’m scared, and lost, and alone. Maybe some of you could tell me how you make millions of dollars in two days out of just a $3 initial investment? Please, could 10 or 12 of definitely-not-my-own-troll accounts guide me in the comments below, maybe towards a specific financial advisor whose complete name you will use suspiciously often? Help!
Absolute bloodbath in cannabis stocks. I actually think the institutional investors are trying to put retail investors so far under water, that they’ll never surface again.
I saw a cannabis index today, 116 usd. Invested as a swing. Looks promising
Think of the dispensaries and cannabis as a gimmick because what they are selling is not even 100% marijuana. And the consumer eventually realizes it.
The first thing to consider is to know the product. What is the product? Is it 100% marijuana? Is it labeled 100% marijuana? Or when the consumer gets it home, is it a bottle of trash?
So if you are wondering how this market is failing, it’s the product. And they will never ever produce good product.
It’s the cigarette company Ideology… Get everybody hooked … The main thing is addiction… They don’t care about anything but addiction.
And the people who go to the dispensaries at first remember what marijuana was all about when they get there and try that dispensary garbage… It’s absolutely terrible. Highly addictive… They take your drivers license and record it… They put you on a merry go round of deception. It is one of the weirdest experiences going into a dispensary as a return customer.
These Wall Street morons didn’t start out with quality and purity. That’s all they would need and people would come but this is anti- marijuana.
Look at what is happening in Michigan. People are walking away from this product. Most likely never to return.
The entire business is deception. That recording of drivers license it’s huge. It’s probable cause for the police for the DUI.
And all these investors are limited liability companies which could care less about quality.
And the lawmakers… Democrats and Republicans are united… They count the votes… They put the candidate of their choice… The Democrat versus Republican thing is smoke and mirrors just like the deception of the dispensaries.
When a new market opens up… The price might go up… But once you see it falling… Sell it.
And if you consume this product… The best thing to do is quit immediately. Ask the dispensaries to prove it’s 100% marijuana and you will understand why you need to quit. The product will never be sticky. The product will always taste like shoe polish. It will look like something you do not recognize from the past. It’s trash in a bottle. And is it addictive. I’m talking about crack addiction.
This whole entire marijuana legalization thing is nothing more than fascism controlled by a few companies, set up where the government knows exactly when you purchased…
Wake up people. Get off the brainwashing drug. It’s not what you think it is. Invest wisely.
Merry Christmas 🎄
Let’s all have very good new year 2023
LFG! Believe in MJ Stocks
Buy HEMP INC stock 25 billion dollar industry alone
tilray has 563million dollar long term debt how the hell in world tilray share holder will have xmass ?
Thank you sir! And keep up the great work
The lack of interest in Cannabis stocks, makes me think near bottom. Enjoy your videos
👍👍👍👍
I’am buying $300.00 worth of Cannabis Stock on the NYSE and OTC!!!!!
Lotus Canabis also has a Price to book value of well below 1. around 0.3 I believe and they are profitable. J.CSE
Robinhood is the only account I have
Totally believe.. I’m all in. However, lil worried… weed prices dropping with rise of cost.
Make me feel better DJ. ❤ur channel