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Crashing Pot Stocks Are Flush With Cash

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Heard on the Street: Shares in U.S. marijuana companies are plunging, but they are less dependent on a bullish stock market than they used to be

Cannabis stocks are on a major downer. The only good news is that U.S. pot companies are better able to cope with low valuations than they were during the last crunch.

The selloff in riskier stocks has hit U.S. marijuana businesses hard. The AdvisorShares Pure Cannabis ETF , one of the larger funds tracking the sector, is down 22% this year even after a poor 2021. The fund lost almost one-third of its value last year as

 

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cannabisindustry companies have healthier balance sheets but multiples are decreasing 🤔

😇🤣

JeffBezos do not ever pretend to be accessible 120 emails in crisis, 200 attempts on twitter, your PR, Investor, your entire board, Complaints in3 countries, MDs in AUS & UK etc etc no reponse. Except one person pretending she was you. Shit really isnt it

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