2019 has been an very disappointing year for investors in cannabis stocks, with the all round market place, as measured by the New Cannabis Ventures International Cannabis Stock Index down 20% following a 55% decline in 2018. The market place, which has declined more than 71% due to the fact early 2018, has moved to 3-year lows:
The present atmosphere is difficult, as funding has dried up, a circumstance I discussed a month ago. Several organizations will not make it or will have to raise capital on very unfavorable terms that will substantially dilute shareholders, as they are not adequately capitalized. Investors are promptly figuring this out, and the broad promoting has definitely hurt the organizations with higher money-burns and weak balance sheets the most.
– Study the whole post at Forbes.