Undervalued Cannabis Stocks About to Bounce? | @SC_FUNDS
Undervalued Cannabis Stocks About to Bounce? | @SC_FUNDS
Like our interview background, we all know that the cannabis sector has been underwater for the majority of 2021. This is because the weed stocks industry has been plagued by a lack of legislative action, problems with custodians, and now heavy tax-loss selling.
As there have been many winners from other sectors from a solid year in broad markets, investors are using cannabis to harvest their losses. The downwards trajectory is likely to continue until the end of this selling.
However, cannabis stocks could once again be ready to soar. With the events of 2021, many weed stocks have cheap valuations while they have made progress in expanding into new states, opening new dispensaries, and achieving stellar financial performance.
“The US MSO underlying business es have continued to strengthen, they continue to get more access to capital, and they continue to grow. And their stock prices have come down. From a multiple perspective, they were a lot more attractive than they were at the beginning of the year and even a year ago. That’s going to obviously have an impact on some investors, and you’ll start to see some money flow in there. And with any luck, as we move towards the US midterm election next November, we’ll start to see more talk of legislation. and we’ll start to see the stock prices move up in anticipation of that.” – StoneCastle Cannabis Growth Fund Portfolio Manager Bruce Campbell
Potential catalysts are coming online next year (the biggest of which is the US following Malta in legalizing cannabis). So, 2022 could be the year of weed stocks once again.
00:00 – StoneCastle Cannabis Growth Fund Portfolio Manager Bruce Campbell
01:01 – Malta legalization
01:46 – 2022 cannabis industry outlook
04:09 – Share price reaction to potential legislation changes
06:36 – CSE tier system
07:14 – Biden administration
08:18 – Favourite weed stocks
09:00 – Cannabis stock scandals
💻 Website: https://midasletter.com
🐦 Twitter: http://bit.ly/MidasLetterTwitter
📘 Facebook: http://bit.ly/MidasLetterFacebook
📸 Instagram: http://bit.ly/MidasLetterInsta
🎙 Podcast: http://bit.ly/MidasLetterPodcast
#WeedStocks
#Cannabis
#MidasLetter
Aurora Cannabis
How will the continued legislative approval for Cannibis across the USA effect the Canadian Cannabis companies…specifically Aurora Cannibis?
Lets go $HITI
What about Germany?it will be a big Market
High tide
LOWLF is like free
Zenabis lol ( Andrew Grieve ) Have a great Christmas you guys. 🙂
Curaleaf still not making a profit, the company is a bust. I will give them until March 2022 to make a profit. Biden has made it clear he will not approve Cannabis legalization at the federal level.
Speaking of Fraud…..do we know where the lawsuit against Brandon Boddy, Peter Nguyen and the other 27 people named in the Agraflora lawsuit stands? I wish the Canadian Government and Justin Trudeau would assist KMD Law with getting the money back from these THIEVES!!
They be back! Gotta appreciate the saying that “Rough roads lead to steps”
CGC TLRY OGI HEXO sweetness
A discussion of the obvious. 🙄
Not 1 bit of useable info.
Thanks for the waste of time.