InvestorsHub Logo
Followers 12
Posts 764
Boards Moderated 0
Alias Born 04/19/2016

Re: Weasley92 post# 5813

Monday, 06/20/2016 9:45:37 AM

Monday, June 20, 2016 9:45:37 AM

Post# of 82642
Guys/Gals: Not sure I agree that this stock price will be driven by votes on marijuana stocks. The company is separating quietly (or not so much) from that sectors (they took the "Can" out of there stock symbol). I believe the focus will be on hemp-derived CBD products, with branching into the use of CBD for pharmaceutical purposes. The spike to $120 was a supreme anomaly, not based on anything realistic. I would look for a "spike" to $1.50, based on CBD sales and the development of the pharma model. I am very long on this company, but I no longer genuinely consider it a "cannabis stock". It will take a long time to fall off those lists.

And at the risk of stating the obvious, in the absence of news, this is a boring stock!! Looks like a cellar of 0.41, and up from there on news. I still shake my head on the delta between the bid and ask! 0.005 cents difference! Really? Really? Making $23 on a trade. As the line from a song in the 70s went (I'm dating myself), "That ain't the way to have fun, son!" All the best.