Marijuana Stocks Sink Along With Broad Market
Marijuana Stocks Sink Along With Broad Market
Research analyst Matt Clark examined metrics for three cannabis stocks after the sector followed the broader market down. The news is promising for cannabis investors…
0:00 —
0:51 — Broad market dip
1:30 — Cannabis stock dip
2:18 — What it means for cannabis investors
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About Matt Clark: Matt Clark is a 25-year journalism veteran covering topics from college sports to politics and business. Over the course of his career, he has been awarded investigative journalism, business reporting, editorial writing, and sports coverage. Now, he’s the research analyst for Money & Markets, where he hosts The Bull & The Bear podcast — available on Apple Podcasts, Spotify, and Google Podcasts.
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Would love an update on GRAMF looking very good value at the minute???
I think price to book is a very bad value metric for cannabis stocks. Both Canopy and Tilray carry about 2-3 billion in goodwill which is a useless intangible asset that they will just write down over the coming years. Thats almost half their market cap in goodwill and it distorts the p/b ratio tremendously.
Marimed
Earnings next week
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Sundial growers news up
This was awesome. Thank you
What do you think about unrivaled brands? Company is making bug moves. Best,
What about CBDS?
Lol great industry to short. Can’t believe anyone is losing money in this kind of market. Buy general ETFs if you don’t know what you’re doing dear potheads.
😎
Awesome analysis and DD, Thank you! Strong believer in the industry, this a very long term hold for me until the day congress acts
Got to admit, I had shares in MSOS, however, I am seeing that Canadian LPs are the true weed and green wagon. when the US announced positive news, Canadian LPs surge higher than MSOS. When international news being announced Canadian LPs continue to rise while the US companies remain stagnant. When negative news hits, MSOS was the one who sank first and Canadian LPs tank.
Company like Tilray has more influence over most US companies with higher exposure to investors due to the reason being listed in major exchange like NASDAQ, while the US companies are limited to OTC and are facing the issue to be listed on the fundamental levels.
Great information