But I truly believe the cannabis stocks are overvalued. If you look at the charts of 1 year view you can see that they only went up around Feb/March. This suddenly increase of price is not sustainable. None of these companies are making any revenues hence the PE and instrinsic value of the stock are NA. So I personally think it is not a good idea to enter at this price. 0.35 seems fair to me. Whatever goes up must come down.
CPH Price at posting:
68.5¢ Sentiment: None Disclosure: Not Held