An interesting post. I've been following most of the Australian medicinal cannabis/hemp stocks since they listed, and I've recently sold all my holdings and switched to gold.
My main concern about the cannabis stocks is that I've been keeping tabs on all the local and international companies already growing/processing/importing here, and all the plans in the pipeline, and there seems to be a massive oversupply for a very small market almost upon us, and it will get much worse next year.
Added to that there is the very real risk of a major downturn in Australian and World markets, and the dreaded October jitters not far away, so your prediction of 1.9c in October could be realistic; but if they survive the coming crunch I think it will be a long time before they hit 7.2c.
I'll look forward to seeing how your predictions pan out. For the sake of all the holders, I hope that your 7.2 forecast comes true.
CGB Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
