Even after the big write down to end 2021, CWBHF's book value alone is still 80 cents(was 1.90). In the bigger picture, why is almost the entirety of the hemp and cannabis sector trading below their book values? Why do all their valuations currently have to have such low multiples? I remember not long ago when it was "normal" for all hemp/cannabis stocks to trade around 6-7x revs.
Being that there is no dilution here at all, the only trading going on here is by retail and some institutions. However many institutional holders sold off when this started to drop under a dollar. So, there aren't currently as many as there were, and the ones left have smaller holdings than before. The upside to that is whenever regulatory changes do happen, I expect the institutional holders will buy back in heavily and give the ticker more volume.
Major HoldersCurrency in USD Breakdown 0.87% % of Shares Held by All Insider 14.88% % of Shares Held by Institutions 15.01% % of Float Held by Institutions 23 Number of Institutions Holding Shares Top Institutional Holders Holder Shares Date Reported % Out Value AdvisorShares Investments, LLC 1,229,997 Mar 30, 2022 0.85% 697,518 Alphamark Advisors, Llc 575 Jun 29, 2022 0.00% 326 Captrust Financial Advisors 1,643 Mar 30, 2022 0.00% 931 Ifp Advisors, Inc 589 Dec 30, 2021 0.00% 334 Meeder Asset Management, Inc. 23 Jun 29, 2022 0.00% 13 Private Ocean, LLC 23 Mar 30, 2022 0.00% 13 Re Dickinson Investment Advisors, Llc 248 Mar 30, 2022 0.00% 140 Vectors Research Management, LLC 260 Mar 30, 2022 0.00% 147 Top Mutual Fund Holders Holder Shares Date Reported % Out Value ETF Managers Tr-EFTMG Alternative Harvest ETF 13,120,947 Mar 30, 2022 9.03% 7,440,757 Global X Fds-The Global X Cannabis ETF 3,177,857 Jun 29, 2022 2.19% 1,802,130 AdvisorShares Trust-AdvisorShares Pure Cannabis ETF 1,210,315 Jun 29, 2022 0.83% 686,357 Amplify Seymour Cannabis ETF 1,060,407 Apr 29, 2022 0.73% 601,346 Spinnaker ETF Tr-Cannabis ETF 1,039,046 May 30, 2022 0.72% 589,232 Cambria ETF Tr-Cambria Cannabis ETF 413,400 Jun 29, 2022 0.28% 234,434 ETF Series Solutions-Defiance Next Gen Altered Experience ETF 295,744 Mar 30, 2022 0.20% 167,713 ETF Managers Tr-EFTMG U.S. Alternative Harvest ETF 147,997 Mar 30, 2022 0.10% 83,927 SPDR (R) Idx Shares-SPDR (R) S&P (R) International Small Cap ETF 53,637 Jun 29, 2022 0.04% 30,417 DFA Investment Dimensions-Canadian Small Company Series 49,894 Apr 29, 2022 0.03% 28,294 DFA Investment Dimensions-DFA Va International Small 9,735 Apr 29, 2022 0.01% 5,520 DFA International Sustainability Core 1 Portfolio 3,924 Apr 29, 2022 0.00% 2,225
