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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

4 warnings for cannabis stock investors about the biggest risks in a new market bubbleCannabis stocks are reaching record highs and trading volume, but investing in marijuana includes a high degree of risk related to commodities, regulation and the history of market bubbles. Don't get burned. Crime doesnt pay? Smoking is bad for you? Shares are stinky? Don't buy the hype. Buy the fundamentals.
Source: CNBC - 🏆 12. / 72 Read more »

Cannabis stocks fall across the board as investors lock in recent gainsWho are 'Investors'? Whoever they are.
Source: MarketWatch - 🏆 3. / 97 Read more »

Cannabis stocks mixed as investors digest the latest deals and capital raisesCannabis stocks were mixed on Friday, with the big Canadian players mostly higher on day three of fully legalized recreational weed as investors digested the latest crop of deals and capital raises.
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: Forbes - 🏆 394. / 53 Read more »

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...
Source: BusinessInsider - 🏆 729. / 51 Read more »

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.
Source: TheEconomist - 🏆 6. / 92 Read more »

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!
Source: Forbes - 🏆 394. / 53 Read more »