I'm with you on that one.rssdale wrote: ↑ Well they aren't making much money compared to their stock price. Obviously they'll keep on producing but I doubt they'll hold their value. In that case Loblaw can potentially have another revenue stream. So worse case scenario I'm wrong and you end up with shares in a so so performing stock. If I'm right you save yourself from losing money.
I guess it all depends on the level of risk you wanna take though but it's just a thought I had. Not not trying to bash anyone here. I know lots of people have made a lot of money on weed stocks already but the amount of growth just seems to be too good to be true. I've already put some money into HMMJ but having doubts and might sell.
I think for new investors it would be safe for them to stick with HMMJ unless they are really planning on holding long term (10-15 years) since I think most or all of the cannabis/cannabis related SP right now is solely dependent with news/speculation.
I also think there will be lots of opportunity to buy in after the legalization happen so for now I'll enjoy staring at my 91% UNREALIZED gain from Aphria.
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