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ARTL - Artelo Biosciences: Severe Drug Cannibalization By Cannabis Will Dwindle Potential Revenue Streams
Artelo Biosciences Inc.
Changing drug policies on medicinal and recreational cannabis will lead to increased substitution of ART 27.13 and ART 12.11, reducing future revenue streams.
ART 26.12 has very little preclinical data, making it especially risky.
The company is years away from potential FDA-approval, with substantial share dilution to be expected.
High short-interest suggests market participants are identifying weaknesses in the stock.