Tuesday, December 10, 2019 3:57:45 PM
CAN be a huge positive if deals are done right...hope steven takes control BUT my guess Monty Stippick is buddy buddy with toxic !
Challenges Facing Cannabis Companies
Limited funding to build out the business
M&A deal renegotiated or canceled due to declining stock prices
Top level executives shaken up
Huge layoffs announced in USA and Canada
Stigma of Federal Legality
The flow of capital into the cannabis sector over the past 2 years.... It’s absolutely chilling to see the precipitous drop off in deals. The bubble burst and everyone including the marijuana companies are looking for new investors, but they are few and far between.
The top reason investors are seeing all this pressure in the marijuana stocks is because most of these companies are unable to get funding and when they do scrape funding together it’s typically a highly dilutive financing.
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