Cannabis Strategic Ventures (NUGS)

[Occasian]

Entire industry is down, and likely going down further.

Macroeconomic factors will drive markets lower, with some vicious bear market rallies that trap long-term hodlers.

If you do trade this, I would scalp it. Nowhere in the entire industry do you have companies performing well. Look at MSOS, well below IPO price, and likely could still drop 40-50% from where it's at now with Fed quantitative tightening.

Whatever industry you're in, you're down 40-50% at this time, with some more to come, at least another 30-40% to go from current prices is my guess.

This stock's CEO is finally saving the part of the company that is doing somewhat okay. Whether it becomes fully cashflowing is a separate issue.