Friday, January 11, 2019 11:28:20 AM
Wait until the time is right and you can actually see the businesses that you are buying are performing well. Despite Canopy being the largest marijuana company today, doesn’t mean that is going to be the case in a year from today, let alone five or even ten years. Be patient and allow the industry to develop before jumping in head first. Learn about the companies in the industry, who is the best at producing, who is better at distribution, who has a monopoly on the specific type of product, etc. Wait and learn more about who could be the ‘best’ company in the industry and why. But unfortunately, that information will only be gained with time and through documents like company 10-Q and 10-K reports.
The past few years have shown us that despite the potential the industry may have moving forward, investors have thus far been much better served merely sitting on the sidelines and watching things play out in front of them.
Matt Thalman
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