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Friday, December 30, 2022 7:49:54 AM
Well, well, well. The knives come out. Not that we haven't discussed this enumerated thesis in detail for the last year and avoided the worst that are still on top 50 lists like MMNNF, RWBYF, TILTF, STHZ, and ITHUF. What is funny is the protracted pump of the Tier I's is deflating as Kass points to here and the redemption cycle for ETFs will maintain downward pressure for the foreseeable future (MSOS's itchy fingers and alike):
Nine reasons why I would not bottom fish cannabis stocks right now (by @DougKass) $MSOS pic.twitter.com/GmKTOB9OEu
— WeedStreet420 (@WeedStreet420) December 29, 2022
Kass also goes on to essentially call Cantor's newly revised downward price targets unrealistic for Tier I's like CURLF and CRLBF. Reality sucks? That's so dope:
This morning Cantor reduces price targets in Curaleaf and Cresco Labs (cannabis) from $13 to $12 and from $15 to $14.25. $CURLF last sale $4.08, $CRBLF $1.84.
— Dougie Kass (@DougKass) December 30, 2022
Then look at his price targets earlier this year...
To put it mildly, don't believe the hype. https://t.co/nmzAP4A9f0
Why do you think they (will continue) call it dope (in '24)?
Try asking the U.S. Government's ubiquitous paymasters --Big Tobacco, Big Pharma, the Cartels, and of course the Chinese!
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