PLNHF - Body And Mind: Overheated After 300% Rise In 2019
Welcome to our Discover Cannabis series, where we publish in-depth research to introduce new cannabis companies to our coverage.
Introduction
Body and Mind (otcpk:BMMJ) has been one of 2019's hottest cannabis stocks with its close to 300% rise this year so far. Despite the spectacular rise of BaM in 2019, we think the stock has gone too far and a correction is inevitable. The stock remains a regional player with limited presence and mixed track record. We believe Australis' recent investments might have drawn attention to the stock which fueled its recent rally.