CEO Cacioppo Doesn't Want It Falling Beneath $3.00
Jushi Holdings JUSHF is my favorite cannabis stock. It moves with real uumph, multibagging into the stratosphere. Although it's been really dragged down since the high 75% ago. But I think its bottomed here at $3.00. You can see my annotations in the chart. It did break that support level recently but it looks like the price is refusing to go back lower than specifically $3.00.
Jushi's business model is really something. They focus on M&A in emerging cannabis markets in the US, such as border regions with states without recreational cannabis (IL-MO, MA-NH) and states with legalization legislation in development (PE, VA). There's something about this strategy of geographic expansion that's just so... satisfying. The shrewdness. The skill. The cunning.
I would watch the current price level to see if it holds, but most likely where its at right now is a base for any ramp up with legislation being discussed during the midterm election cycle in the US. Just a thought.
Jushi's business model is really something. They focus on M&A in emerging cannabis markets in the US, such as border regions with states without recreational cannabis (IL-MO, MA-NH) and states with legalization legislation in development (PE, VA). There's something about this strategy of geographic expansion that's just so... satisfying. The shrewdness. The skill. The cunning.
I would watch the current price level to see if it holds, but most likely where its at right now is a base for any ramp up with legislation being discussed during the midterm election cycle in the US. Just a thought.
Comment:
Looks to be leaking out but I would be surprised if it reversed after a catalyst soon.