Easy answer... the whole sector is getting trashed. Pick any MMJ stock and look at a 3 year chart on them. Runs occur in late October through mid November, and again January through March.
This corresponds to November elections, and January new laws coming into effect. As more states legalize like Wa State and Colorado.
Additionally, this sector is relatively new, and has some serious volatility. With that volatility comes potential for profit for hedge funds up and down.
They run the stocks up and then short them back down. Double profit.
I know most people here are expecting another big run soon, or at least hoping for one, but it's my humble opinion that we'll get a small boost (maybe up to .30 or so) when the first license comes through. The next will be November, then a BIG one in January - March of next year.
The current pps is not reflective of the quality of ENRT or its potential. It has everything to do with manipulation in the sector.
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