We hit 22 and 11 is 50 percent decrease . Bad enough we hit 40 percent Down on Friday then bounced . Not once stock retraced 30 percent down but We retraced 40 percent . That means if we can get rotation back in cannabis grwg we will go higher then all the Other stocks in percentage . A 20 to 25 percent move would make sense .......... The problem with hitting 11$ is it went down to fast . Someone will notice And the buying will begin and never go lower then 13 .3 ish where there is support .
So what is the next catalyst for grwg to move again . Well 22 new location this year . That's 2 per month and we have had no news for a month now . Grwg Is over due for a announcement . I predict 2 new location or acquisitions news In the next week or two weeks . This is one catalysis . The other is Banking regulations are coming Any week or month now . Novermber elections with 7 states totaling 40 million people . Then New York early next year . That's 60 million people Coming online . That's a quick double in people . This will spark grwg in a big way . The industry is expect to due 16 billion in 2 to 3 years . Grwg May be will billion dollar company sooner then later .
Remember grwg is only 4 x sales and really is not a covid Play . They will be doing well after Covid .
Ready tdoc Abt 50 x sales. Docu. Abt 55 x sales . The list goes on . None of these stocks are Proprietary Which means anyone can get into it and be a competitor .
Grwg should be 6 x sales in a bad market and 12x sales in a good market . 21 to 42$ .
We sold-off on Friday . It was totally mechanic . Margin calls and option help bring down grwg .
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