Mettrum TSXV:MT produces and sells medical marijuana in Canada. They have yet to reach a positive cash flow but with recent investments in assets and an improving sales there is room to grow. Canada is set to potentially release findings of its marijuana legalization task force in November.
The goal of this trade is to catch a bounce from support around $26.40 with a stop loss just below support at $26.00
Aiming for a 1:2 risk reward ratio, but will likely take profit around $27.00 for just over a 1:1 risk reward ratio.
TSX:FM breaks wedge yesterday, looking to get in a November 18 $11 call option around 1$ per contract.
Looking to see TSX:FM break out to $13 over the next 2 months.
All or nothing trade with a RR of 1:2