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The Pot Stock Bubble Has Burst

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  • The Pot Stock Bubble Has Burst

    anybody seen slur X?

    Canopy reports ‘astounding’ loss, MedMen to fire 190 employees

    https://www.bloomberg.com/news/artic...ntent=business

    Wall Street’s exuberance over legal weed has quickly curdled into sober reality.

    In a matter of months, white-hot cannabis companies have flamed out in spectacular fashion. Many have lost two-thirds or more of their value.

    Widespread legalization has been thwarted. Bank financing has dried up. Deep-pocketed institutional investors remain on the sidelines and old-fashioned black-market dealers still provide stiff competition.

    The pain deepened on Thursday, when Ontario-based Canopy Growth Corp. announced revenue that fell short of the lowest Wall Street estimate and a loss that one analyst called “astounding.” That sent shares to the lowest since December 2017. It’s still the largest pot company in the world, but at C$7.1 billion its market value is just a sliver of the C$24 billion it reached in April.

  • #2
    Seen me,been here looking for you and H.L over there since LFC buss yuh City ass.Anyway ganja stock and profits will only go up in the long run.
    THERE IS ONLY ONE ONANDI LOWE!

    "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


    "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

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