Marihuana Stock Takes A Beating
We think Cannabis is pretty great, but apparently we are still working out the kinks on the business models. An analyst tells Marketwatch:
“With possible cash pressures evident, announcing ceased construction at facilities despite a press release just 6 weeks ago praising progression, and now EBITDA (and cash) positive looking unlikely this year, it would be fair for investors not to believe them,” wrote the analyst, who has a buy rating and $7 price target on the stock.
It's a new sector with new growing pains. We have not yet seen what the successful business models are going to be in the recreational space. It's an exciting time to be in the cannabis business. Are you the person whose idea breaks the mold? Can you be the Steve Jobs of cannabis? Get started with a phone call to us.