If the company is based out of Australia, and has US markets, the USD will also play into this. At the moment, that fares very well for this company. The MGC market in the US is a growth market as many states are starting to legalise cannabis, which sort of goes hand in hand with MGC being legalised. If PYL produce a competitive product (cheap, safe, tested), then this will take off. Unsure about the open price, I am skeptical of a 50c open, I am personally going to sit back and watch it then buy in in the next few days.
MMJ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
