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| Topic | Canadian based pot stocks are soaring right now. Thoughts? |
| Capn Circus 08/28/18 9:54:23 PM #1: | Pot is becoming legal around October in Canada, and these three pot stocks have been on the market for only a few months: CGC, TLRY and CRON. Over the past several days, all three skyrocketed on the news that a major alcohol brand in Canada now has a 4 billion dollar stake in CGC, and that another major alcohol company may soon be to follow. TLRY came out with earnings today, and is up $8.00 in after hours. I'm impressed by doubling revenue growth, but not impressed by the debt. I think money can and will be made in this market, as marijuana is clearly becoming a future of Canada. However, the recent soaring of the stocks may be a sign of a coming pull back. What are your thoughts? @Darkman124 --- "I think that man will be president right about the time when spaceships come down filled with dinosaurs in red capes" - Tom Hanks ... Copied to Clipboard! |
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