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hennessy been warning us about weed stocks since forever.
I been warning y’all. It’s a ponzi scheme.
I got burned two summers ago throwing $30k into a couple different ones. Saw that turn to $15k and once it bumped back to $20k I got out happily with my 33% loss. I believe I would be in worse shape now if I didn’t cut my losses.
if you want a low risk cannabis play look at ROCK (I’d wait until Q1/Q2 next year). Also good exposure for industrials and energy with this stock. I was all in on this stock at one point but took profits.
I’m looking to get back in around $55 if that happens. I got in @ $37 in May and it was up to $71 fairly recently.
I’m a novice stock investor but a professional in the cannabis industry. I run a profitable company and will never invest in another cannabis company unless it’s mine or someone I know.