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Tuesday, January 30, 2018 5:14:32 PM
At the moment it’s most certainly overvalued due mostly to that hype and market dynamics.
The reality is the revenue and profit lines need to start catching up, which is what we are all banking on. If it doesn’t there is a possibility of the market losing interest and then the cap will drop to an equitable rate. That’s the invisible hand of the market at play.
So basically this stock is and needs to be traded on an understanding of this reality. I have hundreds of thousands on CGC still, but only because it’s a wave that can and should be ridden. I hope that the hype is outstripped by raw fundamentals and we’re all proven right. If not, there will be blood.
Hopefully recreational brings the revenue we’re all drooling for.
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