Thread: Financial News
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Old January 7, 2021, 02:57 PM
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zman zman is offline
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Cannabis went thru price discovery in 2017-2018. TLRY traded between $2 and $150 before settling around $5, Aphria's trading range was $4 - $18 before stabilizing around $5. So I was ready to pounce when the cannabis sector got decimated in March. Got handsome returns from stocks like TCNNF, GTI, APHA. Recently sold most of my holdings and then bought APHA back when it went down to $6.50 for no reason. APHA was cheap when it traded 5-8 PE but can't say the same now at 30 PE. That said the stocks should continue to gain for some time due to the new cannabis friendly regime.
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