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SDC - Cannabis: Big Growing Pains And What Lies Ahead
SmileDirectClub, Inc. - Ordinary Shares - Class A
“What the heck happened to my cannabis stocks?” is the first question on the minds of most investors, with multiple question marks. The second question is, “When will it stop?” The decline since March has been relentless. If misery loves company, it's a crowded room.
It's useful to look at what has happened since the market began about two years ago. We will use the ETFMG Alternative Harvest ETF (MJ), the biggest cannabis ETF, as a sector proxy, acknowledging that individual stock movement was often more volatile.