These stocks are worthless… But I thought why not, They are simply too easy to manipulate because of low cost in my opinion, so they where pumped and dumped, And well I got suckered into it. Well at least a few years ago they had value.
But with a diversified portfolio, ya win some you loose some.
interesting they consider it a marijuana stock, it’s just a pharmaceutical company that made a (probably synthetic) cannibinoid drug. their biggest seller is a fentanyl product …
Insys is its newest product, Syndros. The cannabinoid drug won FDA approval last year for anorexia associated with weight loss in AIDS patients, as well as nausea and vomiting associated with chemotherapy in cancer patients. Insys had to wait until earlier this year, though, for DEA scheduling of the drug and a final label from the FDA. The company launched Syndros in Aug
yeah extremely overvalued it’s disgusting. did you know the co-founder was the CFO for the liberal party? it should be illegal what trudeau is doing. boycott LPs and stock market weed
With stocks, I think one should take some time to find out and gather as much info as possible about underlying companies. If it is company that lacks public information on the internet, I’d avoid it… (I have been burned really badly on some Chinese stocks few years ago)
As you say there is big problem with small cap companies that they can be easily manipulated (pump and dump).
That is good news… ETFs are very conservative way of investing into whole market sector. Limiting risks (and potential gains too of course).
Interesting composition:
22ND CENTURY GROUP INC
ABCANN GLOBAL CORP
APHRIA INC
AURORA CANNABIS INC
CANNIMED THERAPEUTICS INC CANOPY GROWTH CORP (looks interesting)
CRONOS GROUP INC
EMBLEM CORP
GW PHARMACEUTICALS -ADR
INSYS THERAPEUTICS INC
INVICTUS MD STRATEGIES CORP
LIBERTY HEALTH SCIENCES INC
MARAPHARM VENTURES INC
MARICANN GROUP INC
MEDRELEAF CORP
ORGANIGRAM HOLDINGS INC.
SCOTTS MIRACLE-A
SUPREME PHARMACEUTICALS INC
ZYNERBA PHARMACEUTICALS INC
Put aside Scotts Miracle Does anybody know any of these companies?
I know of some of the companies, but do not currently own any other than Scotts.
I simply considered Scotts to have less downside because it is not commonly perceived as a marijuana play.
I have only tracked one Mj related company on the exchanges, called American Green, INC. They are listed as ERBB, a penny stock. They bought an entire town in SoCal to get around city and county laws in order to grow and sell weed. The town of Nipton, CA, population 6, not far from I-15 and Vegas. It could soon become a, “Ganja Paradise”. No, I do not have any ERBB. But it is trading near the annual low at $0.0012 a share now. Might be a good time to buy it… if you like taking iNSaNeLY HIGH RISK!
Lemme see, at 0.0012 a share, I can buy 83,000 shares for only $100…
Well, I am not trying to pump this stock. I like to buy at the bottom. OTC or otherwise. And at these levels… .0002 off the bottom, and 83k shares for only $100?
I worked at Sun Microsystems when it had a PE of over 100. SUNW was on FIRE! My stock options were worth millions. In the FUTURE, at the then current valuation. Then it tanked… hard, along with my options. And along with the rest of high tech. Any stock purchase is high risk, IMO. And the entire market at these levels is higher in value than it was before Black Tuesday back in 1929. So I am mostly out of the market at this time. It is overripe for a shellacking at these levels.
@BigSur
You are most certainly correct… timing is everything and hind-sight is always 20-20.
Exchange listed stocks are generally less susceptible to manipulation, because they have specialists as opposed to market makers. Of course, manipulation can still take place, however it is not as easy to accomplish.
Large cap stocks are less likely to be used in pump and dump scams.
I like and own Scotts because it trades on the NYSE and is not linked exclusively to marijuana. It is well positioned to take advantage of any stampede to home growing encouraged by states enabling their citizens to do so without legal penalty.
I will probably buy shares of the new ganja ETF also…after my due diligence is completed.
In my humble opinion Hemp is the next best thing to invest in. The first person to open a hemp processing plant in the U.S. will be one rich person. I said it here first.
I have summarized 
Does anybody know any of these companies?