Cannabis stocks just went through the roof — but this stockbroker is warning investors not to follow the hype

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The stocks of certain companies in the cannabis sector are rising rapidly, with the securities of some producers having risen by several thousand percent in just a few years — but chief analyst at Solvecon Asset Management, Folker Hellmeyer, said investors shouldn't blindly follow trends.

 

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An analyst is NOT a "stockbroker". TheStalwart and bySamRo would be turning in their graves if they saw this headline.

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A Canadian Cannabis Company Goes Public Amid Increasing Investor InterestFlowr makes its debut on the TSX amid increasing investor interest and volatility in the cannabis sector.
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One of the largest cannabis companies is going public on the New York Stock ExchangeAurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. It's joining a select list of cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges Big business Realized i got some of them already lol That picture though...
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Cannabis stocks go ever higherFinancial markets are giddy after cannabis sales became legal in Canada on October 17th 'higher' lol Getting high I see Yea, well netflix has a $11 billion in revenue and has a market cap of $145 billion.
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What's Going On With Cannabis Stocks Like Tilray?Canadian cannabis company Tilray's stock has jumped from an IPO price of $17 per share in July to a peak of more than $300 per share this week. With publicly-traded cannabis stocks still in uncharted territory, those looking to add them to a portfolio need to understand the market movers. FOMO and then 🏃 away Thank you so much for not calling it 'pot' like so many other unreliable news sources! Exciting things!
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