I'm playing the same game with the Canadian Marijuana Market.
Canada will be legalizing the production/sale of edibles for recreational purposes in October of 2019. So ... hopefully, the stocks of WEED, ACB, TGOD etc etc will climb with the anticipation of a new revenue stream.
But ... like your graph clearly demonstrates, I currently plan to sell shortly before the release date. (With the hope of buying back in after the dip).
Fingers crossed.
I like it. I really need to get some exposure to the weed stocks. Any overall favorites to hold for the longer-term???
Hexo is a solid play since it has relatively less hype than major players and is backed by Molson/Coors. Horizons Marijuana ETF is a good way to play the market as a whole. Has a solid dividend.
Definitely agree
In no particular order, do some research on TGOD, Namaste, Aurora, HEXO, WEED and Horizons
There are many out there, but I’ve been keeping a closer eye on these ones. For long term, Horizons is a “safe” bet, but I think WEED will be around for a long time.
But this is obviously all speculation.
Based on this, TGOD is a "bargain" today as it dropped $0.5 base on a large number of warrants being executed.