Blum Holdings Inc (BLMH)

[BidnessMan]

In 4Q18, it seemed that anyone who could say “cannabis” and had a hot-dog cart planned to RTO on one of the Canadian exchanges. The success of companies like Canopy Growth, MedMen, and Tilray swept in a slew of U.S. MSOs rto-ing. Now, most of the Q3 and Q4 RTOs find themselves 30%-40% below their IPO prices, and investors have discovered huge lumps of coal in their stockings just before bonus season. Heading into the New Year, investors will remember, “Fools rush in where angels fear to tread,” and, once again, replace hype with fundamental analysis. In 2019, expect fewer RTOs and for those already listed, they may be caught between a hedge fund and a hard place.

Looks like not following the second wave of RTO's was a smart move.

https://www.newcannabisventures.com/adrian-sedlin-of-california-cannabis-operator-canndescent-lays-out-his-2019-predictions/