Cron has lost about 4-5 dollars in a few days. Should have sold high.
A couple days ago some analyst downgraded CRON and this sell off began.Cannabis stocks fall across the board as Aphria rejects bid, crackdown on CBD spreads
I think we had a little bit of panic selling today on news of the cbd crackdown on food and drink additives. If you have done your due diligence this news shouldn't surprise you at all. The FDA has yet to approve cbd in food or drinks yet, this is why im holding off on Nbev until we see the fda loosen up. Im also looking to add more ACB in the coming months as a long term hold. Im not in a rush because I believe we will see some pretty good buying opportunities when it dips over the next couple months. They still need to become profitable and justify a $7 billion dollar market cap, they also need to buy back the company stock which is around 1 billion shares outstanding, they need to lower that significantly don't see this happening until 2020 which is not bad for us longs but not a bad trading option either.
Just found out about Amyris and its seems to be a nice addition to my cannabis/extraction portfolio.
Leadership and Track Record in Scaling Sustainable Fermentation-Based Commercial Products Leads to One of Largest Agreements to Date in Cannabinoid Market Amyris Announces $255 Million Cannabinoid Development, Licensing and Commercialization Agreement − Represents Largest Collaboration Agreement to Date for Amyris | Amyris
A couple days ago some analyst downgraded CRON and this sell off began.
For my personal taste I would have to hold out until I see something promising in this company, which I dont see right now. 52 week low is 8 cents with a high of 80 cents and it trades on the otc market plus I just read they lost a deal Auxly Terminates Joint Venture with FSD Pharma after Identifying... thats a no for me dawgHey guys look up a company called Fsd pharma it's on the pink sheets... someone just posted on my FB feed bout them...$FSDDF
For my personal taste I would have to hold out until I see something promising in this company, which I dont see right now. 52 week low is 8 cents with a high of 24 cents and it trades on the otc market plus I just read they lost a deal Auxly Terminates Joint Venture with FSD Pharma after Identifying... thats a no for me dawg
I dont know too much about otc stocks. For one reason or another they are extremely risky and ended up there for a reason. I learned thay from Namaste. The only pink sheet stock im following is Valens groworks. They Constantly release news and make new deals@Tug life do you know anything about CNAB?