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THCX - Hexo Corp. Is A Mid-Cap Weed Stock To Watch (But Not A Buy Now)
Spinnaker ETF Series The Cannabis
Investment thesis
It is very important that readers of this article are acutely aware that investment in the marijuana segment is littered with more potholes than Boston's Financial District. The pronounced volatility of many of the stocks trading in this space is a cautionary tale for those who may be attracted to this budding industry. Based on my due diligence in writing this article, I am very pessimistic short-term as this market segment faces many troubling headwinds. Many companies are under short-selling pressure and are trading near their 52-week lows.