Every media outlet in the country has run a story today.
I thought the interview with Ross Greenwood 2GB and the Phytotech MD Boaz Wachtel ? was excellent and posters should try and listen to that through the 2GB website and podcast.
Boaz has been involved with cannabis business for 20+ years and has been building a strong team around himself.
He highlighted that we aren't just dealing with a medical device company and their future is certainly not relying on Australian legislators to change any attitudes. There was also suggestion of grower co-operatives being set up in USA and South America.
I can't see sellers getting on top of this easily provided most of the buying yesterday went to professionals. The volume was nearly 50% of free float .... so probably day trader activity and double counting as well.
MMJ Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
