|COMMENT||$9.300||CAUTIOUSLY OPTIMISTIC||NORTH AMERICAN (GROWTH)||No|
It is very difficult to make a fundamental argument for this marijuana company. It looks like the Canadian government is going to legalize marijuana, making good on their election promise. However, from an investment standpoint, he has a tough time valuing the market size. Technically, he would like to see the company do a nice big U and get back up towards $18, consolidate, and then move on towards new highs. To initiate a position, these levels are relatively good, but speculative and shouldn’t be a massive percentage of one’s portfolio.
Jason Del Vicario
Portfolio Manager, HollisWealth