CANB has a steady growth of revenue and business. But the decision on the farm bill, the Canadian legalization, are by far impactful social news that will outweigh prior catalysts for a run that one can never quite pin down to exact minute or hour...my opinion is this will be an inevitability with CANB at some point in response to this news as it develops, despite any wishes or language on a social media board to the contrary. As its net worth increases, it will join like CBD companies that are out there now with pps of 1.5 to 4 plus. What I find disturbing are day traders who trash legitimate companies like this to halt their momentum for the sole purpose of pushing down their entry point by a penny or sub penny. There are plenty of companies with toxic debt, shady business dealings, which don't involve actual product or revenue they can cat around with. Speculating on price is one thing, false narrative and outright libel is another, and how in the end does that benefit any business or investor???
Thank you in the meantime for this:
There was zero anticipatory runup before both full-scale months-long cannabis manias we have seen thus far
The 2014 Colorado MJ Mania
The 2016 MJ Election Mania
No anticipatory runups with either one
The MJ sector was pretty dead during December 2013 and it was very dead throughout August 2016 — as a result, many thought that each of those catalysts was already priced-in — but both manias began very suddenly one day and for the next few months the entire cannabis sector was red hot
And both of those manias were based on dated catalysts of 1/1/14 and 11/8/16, respectively
So now we have a potential Hemp & CBD Mania with no actual date on the catalyst — the best one can do is default to using 9/30 because it is the expiration date of the current Farm Bill
So if the prior 2 full-scale Cannabis manias, with both of them possessing a dated mania-inducing catalyst, had no anticipatory runup, then why would we see one before Hemp & CBD Legalization, which doesn’t have a definitive date for the catalyst?
The answer is that we most likely will not
And that’s why the lack of an anticipatory runup thus far — the first two trading days of September have been pretty red for the entire Hemp & CBD sector — has zero predictive value for what will happen after Hemp & CBD are legalized when The 2018 Farm Bill is signed into law later this month
The past provides objective data
Assumptions that seem logical actually are not
This is not the NASDAQ or the NYSE
This is the OTC, which is probably one of the biggest reasons why we haven’t really seen a bona fide anticipatory runup into a cannabis mania yet
CANB
