The guys on YMYC tonight said they were approached to invest in this and turned it downa and obviously regret that after today's performance.
However, they then went on to make some very uneducated comments. For those who caught their commentary tonight, they mentioned that the company's success lies on Australian legislation to legalize medical grade cannabis here, and that this is obviously an agricultural stock.
What they failed to highlight was that operations are based out of Israel, where growing marijuana and exporting is legal. They forgot to effectively highlight the existing market, especially in the USA, for this kind of company's model.
They did urge caution, which is fair, but their overall comments were very uneducated so do your own research!
MMJ Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
