I made the decision to sell a small portion of my cannabis stocks at a loss. Despite this, I continue to hold shares in all my cannabis companies. My portfolio still includes long positions in the following seven cannabis firms:
$OGI (Organigram Holdings Inc)$GRWG (GrowGeneration)$CRON (Cronos Group Inc)$ACB (Aurora Cannabis Inc)$CGC (Canopy Growth Corp)$SNDL (SNDL Inc)$TLRY (Tilray Brands Inc)
I remain highly optimistic about the long-term potential of the cannabis industry. This sector, while still in its infancy, promises substantial growth opportunities as it matures. The recent sale was a strategic move to manage short-term volatility and reallocate resources to other investments that are currently yielding higher returns.
I am confident that better entry points will present themselves in the future, allowing me to capitalize on the growth trajectory of the cannabis market. By diversifying my investments and focusing on more stable sectors in the interim, I can optimize my overall portfolio performance while maintaining my belief in the long-term viability and profitability of the cannabis industry.
In conclusion, my faith in the cannabis sector's future remains strong, and I look forward to reinvesting under more favorable conditions. For now, my focus will be on leveraging other investment opportunities to generate higher returns and strengthen my financial position.... Show More
See if tilray can eventually get back over 2 and find support if so possibly good news for them all
The weekly charts look like another move up is in the making ... Show More
Same here. I always hold a bag in these companies but I'm selling off sometimes to buy at a retracement. Not planning to sell everything before 2030 at least. I believe the upwards potential is huge here if regulations soften and sales can be scaled upon... Show More
1 reply
.
Sat Oct 12 2024 08:31:27 GMT+0000 (Coordinated Universal Time)