I have longed $GRWG as Cannabis/Food play. Due to macro fundamentals and the fact oil is heading higher(I strongly believe oil prices can still double from here in the next decade or so), growing your own food can be the way to go. Also, if USA legalizes Cannabis on a federal level, this stock can benefit from it.
The company financial sheet is sound and valuation is good atm, has cash and a PS of 1.21.
Market Cap 509.50M
Income 12.80M
Sales 422.50M
P/S 1.21
I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm.
Want to thank @timwest for pointing out this stock.
The company financial sheet is sound and valuation is good atm, has cash and a PS of 1.21.
Market Cap 509.50M
Income 12.80M
Sales 422.50M
P/S 1.21
I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm.
Want to thank @timwest for pointing out this stock.