Analysts Neal Gilmer, Research Analyst at Haywood Securities and Becon Securities’ Research Analyst, Vahan Ajamian give their perspective on the growing cannabis market.
These companies are yet to trade on really their individual operating metrics. And I think that that is something that is very very important because at some point people will care. As far as whether companies are making money or whether or not making money or whether they’re successfully growing their business in a prudent manner.
I think investors need to have a long term horizon when investing in cannabis stocks. I think the industry is definitely making progress every single month. The stock market on the other hand moves to its own beat. So investors should be looking out several years and be willing to stomach any possible volatility that occurs in this market.