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Here at equity.guru, we see the way things are going. Weed stocks are trending down, so we want to highlight companies poised to succeed in the long-term (*cough Cannabis 2.0 *cough).
Equity.Guru podcast: 1933 Industries (TGIF.C) focuses on fundamentals in legal cannabis market, who woulda thunk it?
When cannabis companies first appeared on Canadian public markets, it was all about cultivation, the bigger the land package, the higher the market cap. Didn’t matter that the market hadn’t developed yet, it didn’t matter that most of the projections were off-your-rocker optimistic and it most definitely didn’t matter if you didn’t turn a profit. Shell companies that once lay dormant found purpose and promised the biggest and best crops money could buy when and if they got their license. Market caps climbed into the billions based on millions in revenue, but no one considered fundamentals in legal cannabis.
Torque Esports’ (GAME.V), formerly known as Millennial Esports, rebranding and restructuring efforts continue to bear fruit with their latest developments.