Lower highs and lower lows is a consistent trend. Marijuana stocks are missing earnings badly and overblowing estimated demand from Candian consumers. Companies like CGC and TLRY are badly missing Street estimates and continue to trade at ridiculous valuations w/o numbers to back them up. CRON market capitalization is $1.46 Billion when quarterly revenues are $2-3 Million! Major short but patience is a virtue.
Comment:
If Cronos-Altria deal happens, disregard this post entirely. Stock will skyrocket. If not, I maintain my 6.80 target through January.