News Formal

Crashing Pot Stocks Are Flush With Cash

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

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

 

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

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

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:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines

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

PayPal gives downbeat earnings forecast, shares plungePayPal Holdings Inc on Tuesday forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc's ongoing move to ditch its payments services, sending its shares down 17.4%.
Source: Reuters - 🏆 2. / 97 Read more »