/biz/ - Business & Finance

>>56958161
>>56958210
Weed stocks don't trade on fundamentals because the fundamentals are shitty. The industry is headed to mass consolidation in to a few large companies in long term. Because of this the price action is all speculation. In other words it trades similarly to crypto. If you ask, 'why price go some way?', it's because money just so happens to be flowing that way at the moment. The long term thesis on any of these companies is the idea they will do fine until they get bought at a premium by another company, at which point you sell for a nice profit.