Demand For New Cannabis Stocks Sparks Up
When it comes to cannabis stocks, the public can't get enough. After years of challenging access to capital, 2018 has seen a remarkable improvement for U.S. cannabis operators. In the summer, two leading companies went public, MedMen and Green Thumb Industries. Both stocks have performed well, and each of the companies has subsequently priced secondary offerings, raising additional capital to fund acquisitions and capital expenditures. Aurora Cannabis spin-out Australis Capital soared in its trading initially and still trades at a substantial premium to the level at which it issued a private placement just before its debut in mid-September.
Read the whole story at https://www.forbes.com/sites/alanjbrochstein/2018/10/06/demand-for-new-cannabis-stocks-heats-up/#206ebbfd1b05
I'm actually out of the market now on cannabis stocks. I took the gains I made in the last couple of months and I'm putting it on the crypto market instead. I like 24/7 markets better, probably because that's how I started.
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I like the name Wolf of weed street. LOL
What cannabis stocks look good right now in your opinion? I invested in kronos two weeks ago, this was my first investment in the cannabis sector.
I'm not sure right now, to be honest. I made a lot on Tilray recently, but got out at $260 and now I'm unsure about it. I got out of Canopy Growth too because it seemed to just kind of be hovering around the same spot. So I actually took the money I had on the stock exchanges and moved it back to crypto, where I'm more comfortable.
Also thanks, I'm glad you liked the name. I try to come up with some dumb/clever category names for the news stories I share and since there are so many cannabis stock ones right now, that one seemed fitting.