There are obviously company specific decisions that have led us here, but the industry as a whole has performed poorly. Instead of crying into my beer, I reckon there are a number of upcoming catalysts that could put a bit of a forward momentum under these long suffering cannabis stocks. Rescheduling in the US, and Europe may well be on the horizon in 2024. Reading the latest quarterly, Hapa sold 420kgs of medical marijuana so at least we are buying something that is actually selling product!! My average holding is 8 cents, participating in the cap raise will half my average holding so definitely considering, it’s not lost on me how much money has gone down the drain for nothing in this stock.
AC8 Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
