Thursday, February 06, 2020 6:04:38 PM
Thank you, silver bars, for those charts. I am not overly concerned about this for several reasons:
First, the POT market and the hemp market are separate markets. They are related yes, but people generally want MJ for the THC component, not for the CBD. And as I understand it, hemp is a better source for CBD than MJ.
Two, the information I see is that the market for CBD products is going to be growing like gangbusters for years to come.
Three, these MJ companies became overvalued in the market price of their stock, so naturally their stock prices had to go down at some point. This is not the case for WSRC. In fact, according to the latest financial report, the book value for WSRC is about 11¢ per share, which is several times the current market price for WSRC.
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