/biz/ - Business & Finance

For those interested in gambl- i mean speculating on the dude weed, this link is a helpful resource. It's a list of all publically traded dudes weed divided by their reporting currency (USD or CAN) and ranked by reported revenue. If you look at the US ones it will explain partly why i'm more bullish on US stocks than Canadian ones right now.

https://www.newcannabisventures.com/cannabis-company-revenue-ranking/

My holdings as of Friday are: TerrAscend (Canadian but moving in to US market this year), Cresco Labs, Trulieve, Green Thumb Industries, and Cron (because it just filled gap up from the Altria news). Small position in Canopy Growth too.

Recently sold: MPX Bioceuticals and Curaleaf due to bearish read on technicals and/or i wanted to take profit off the table

Whole sector including the ETF is hovering around support. It remains to be seen whether there will be a late December buy frenzy like last year or not.

Mixed day today for me. TerrAscend hit circuit breaker on heavy buy pressure this morning. There was a news release about their restructuring to enter the US market earlier but i'm not sure i understand why that was enough to rocket so hard. Anyway, it has settled down now. Circuit breaker price only lasted a few minutes so i wasn't able to grab profit on that. I believe it will trend upwards in coming days regardless. Hovering around +15% now.

OGI down some but still in continuation range for bullish trend.

Entered position in Curaleaf on the low earlier.