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Tuesday, December 26, 2017 4:29:51 PM
https://www.fool.com/investing/2017/04/03/these-2-are-the-only-marijuana-stocks-generating-p.aspx
Marijuana stocks are fundamental mess
If there's one thing that nearly all marijuana stocks share in common, it's that they're losing money. Remember, there is no precedence for the cannabis industry, so many of these companies are learning as they go. The result is that all but one pot stock trading above a $200 million market value is losing money over the trailing-12-month period (we'll get to that company a bit later).
...And how can we forget that nearly all marijuana stocks trade on the over-the-counter (OTC) exchanges. To be clear, the OTC exchanges have made significant strides in reporting standards over the past couple of years, but they're still nowhere near what you'd find in a company listed on the NYSE or Nasdaq. The end result is that it can be tough at times to get accurate and up-to-date financial information on OTC-listed marijuana stocks. Not to mention that most marijuana stocks also happen to be penny stocks, and that's a path we'd rather not travel due to their volatility and the high probability of losses.
Frankly, I'm glad I'm here and that it's NOT MJ. (Okay, a tad disappointed at first). Also, I think we are where we SHOULD be for a company with a NEW BUSINESS DIRECTION, NEW CEO and without much of anything in regards to a PLAN other than knowing this has to do with horses and gaming.
JMOs
GLTY!!
P.S. OMG! I hope I'm not getting married again.
![frown](/images/emoticon05.gif)
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