Quote:
Originally Posted by fulham
Has anyone been touching Canadian cannabis stocks? ive done my due diligence and I feel like there's a couple with some insane potential.
Zenabis was at $3-$4 a year ago. It was hammered hard, yet survived. I bought in at .05 and again at .085
|
All cannabis stocks seem risky. Too much supply at times, not enough demand because of government prices from what I’ve heard. So overall I think there’s money to be made in trading but almost as the experts predicted, there will be a consolidation and the big boys will be left standing. Could be a combination of acquisitions or smaller guys going bankrupt but I think we’re seeing a lot of the smaller guys being cash strapped. The big players as well so they haven’t been too keen recently at acquiring the little guys. Just by virtue of that I wouldn’t be too optimistic at a penny stock aside from trading. Who knows.