Waiting for Cannabis Stocks to Rebound? Prepare to Wait a While Longer
The Canadian cannabis sector was absolutely savaged in 2019 as fundamental issues with demand and sky-high expectations from retail investors collided.
With the hot air largely out of Canadian cannabis stocks by year-end, investors started buying many of the beaten-down names in early 2020 expecting the next few months to be the bottom before a multi-year uptrend began.
Things haven’t worked out as expected so far and with the release of new data from Health Canada, we now know why.
– Read the entire article at Grizzle.