where to next?, page-1612

Its an interesting week coming up in the cannabis stocks world with three stocks appearing like they may have a bit of a bloodbath this week:

AC8 - loss of anchor investor in a rush and at 50% discount to listed price

CAN - already the record lowest price they have had in 2 years ($1.38 has not been seen since October 2017) and slipping rapidly over the last few weeks.

ZLD - they did a scrip-for-scrip merger with a private research company Illera Therapeutics which has no website, no registered IP and appears to be the unwanted remnants of a trade sale of Illera Healthcare made to TerrAscend recently. By doing a 50/50 equal merger, it appears they effectively halved the value of their own company as I don't see nay value in the company they merged with.

I think we can expect a red week on the ASX cannabis stocks this week and I (maybe, all of us) can expect some heavy losses.