Bingo on your first guess.
You've been spot on with the downfall of CAN. I'm sure all of those bulls have quietly sold out at $3.50, $2.50, $1.50, $0.50 etc. Hollding since the IPO is really quite sad. There is a certain type of personality that will ignore all facts and reason just so they can hold on to hope. Admitting you've got it wrong and protecting your capital is the most beneficial skill someone can apply to investing. Some never get the hang of it.
This is medicinal cannabis. Everyone has a world-class facility, everyone has the best quality product, everyone is going to capture the largest market share. They all sing from the same hymn sheet. Applying just a little critical thinking to the statements made by management goes a long way. Look at the cautionary tale of MediPharm Labs who built a "world-class" extraction facility in Victoria, they had big plans. They've now bowed out of Australia and just sold their facility to OneLIfe Botanicals. When financial stress hits a company big plans become small plans very quickly.
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Last
5.3¢ |
Change
0.001(1.92%) |
Mkt cap ! $24.83M |
Open | High | Low | Value | Volume |
5.2¢ | 5.3¢ | 5.2¢ | $12.97K | 249.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4001 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 42000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4001 | 0.053 |
2 | 50847 | 0.052 |
6 | 77659 | 0.051 |
6 | 276000 | 0.050 |
1 | 36000 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.056 | 42000 | 1 |
0.057 | 364683 | 1 |
0.058 | 71967 | 1 |
0.059 | 16900 | 1 |
0.060 | 50000 | 1 |
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