Canadian mj uptrend is about beverage/alcohol companies investing in Canadian mj companies. Many of the Canadian MJ companies are positioned to at least double their production of mj or mj products for calendar year 2019.
That being said, the same Canadian mj stocks are probably fairly valued relative to next year’s projected revenues/earnings, and over valued relative to this year’s revenues/earnings.
US mj stocks are handicapped because mj is still illegal at federal level and companies can only grow by expanding into different states or try to capture market share in the states that they are already in; I.e., mj dispensaries in NV and/or CA.
Reported revenues are unfortunately not going to be as high as pntv said it would be. And court ordered selling has not been completed in its entirety
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