From IPO to its recent high. That's the game we're in. The genesis of an industry, still in its infancy and incredible returns for those who understand this is a 5 10 years horizon to maturity.
5700% ... yes that 57x.
$10,000 into $570,000 for holding 3-4 years.
Sure you would make 10x at any time riding the wave. Trying to pick highs and lows.
That's Canada, and we're following a similar path, SP progression is following the global MC market, led by Canada.
Now Canada and Australia can have very similar roles, if anything Australia may have a better location and proximity to less developed markets.
Canada will be challenged by the US when US get ready. Whereas australia will be less challenged from local competition.
So which company will be worth 2, 4, 6 Billions in Mcap? Then We're starting to get close to the 2000% 2500% for some companies. We're not there yet, but will we get there? Very very likely.
https://seekingalpha.com/article/4146260-s-curve-reveals-early-days-marijuana-growth-cycle
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