globally the sector has pulled all the way back to pre Jan/Feb 2018 rally levels - google "new cannabis ventures" who have global stock index
locally most stocks in sector have pulled back, maybe ex EXL which is delivering exciting revenue numbers; CAN was a takeover speculation and AC8 which has come back a little but remains most peoples key pick in sector
The rest have all dropped back dramatically and in most instances it is one simple issue: over promise under deliver. the likes of MXC; THC; CPH are maybe worst examples and lead the smaller names down.
Now more than ever you need to look super carefully at the board and work out are they totally committed to solving one area of the MC or RC space and have the long term track record to deliver / and that the board is not just in it because it is (was) a hot sector and are just in it to promote stocks, make money out of issuing shares and so on and will quickly move on at some stage
I have met MXC management and I didn't understand their strategy or what they were bringing to table other than "promotion" and thankfully sold. CPH has good CEO but poorly advised by board in my opinion especially paying stock to a twitter spruiker !). THC is a mess IMO and at best a (small) hardware sales company in Canada.
EXL looks interesting but watch some of the videos on the there site and see how excited, how engaged management is. The guy is such a believer and I think will succeed
Same for MDC who are also posting proper revenues and now in a proper trial at RNS - find vidoes and interviews with management and board and see make your own judgement but it all comes down to can they and will they deliver.
MXC Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
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