/biz/ - Business & Finance

>>23182577
do your DD, i consider myself lucky that I got out of the weed pump and dump with a small profit even though I FOMO'd in at the (first) top

if you did your DD, then you'd know a ton of this shit is still priced in like the whole world already legalized weed. Like Canopy is still valued over $6 billion on annual revenues of like $400 million with VERY SHITTY margins (it's a fucking agriculture penny stock at its core)

pic related, the worst of the bunch. ACB was almost $10 billion market cap at its peak

the real winner in weed stocks will be the companies that don't actually grow the weed themselves. It will be when weed companies will be allowed to sell and market branded products (brand product beverages would be fuck huge)