..............they are all penny stocks.....................hemorrhaging money every year.................Can you read their balance sheets?
Personally I would love to know more about your experiences with these companies over the past 5 years of investing in them. What makes the stocks move up or down? is it news is it earnings releases? Were there times when the stock did the opposite of what you thought it would do and why? Have you seen a pot stock go from pennies/share to dollars? How did that happen? I'm always on the hunt for more knowledge/experience :)
I initially thought I could luck into a wave, but rode most of the stocks down as I bought in a little at a time. It was odd. There was a bunch of legalization in the 2014 elections, but the stocks went down even on that NEWS.
Puration, Inc. I am up on because I bought in before they landed a distribution deal with a chain of high-end wine/spirit stores in Texas:
https://www.prnewswire.com/news-releases/puration-announces-everx-cbd-sports-water-free-samples-at-specs-wines-spirits-and-finer-foods-retailer-on-memorial-day-weekend-682655741.htmlHemp, Inc. has a HazMat cleanup product, and they run farming seminars. HUGE CONCERN: I reached out to them last year about selling their product, and while they were so great in talking to me, they ended up including me on some inside emails that made me see that it's not well-run. The CEO and VP live in different states, for one, and they had tons of raw product unpackaged. IMO, they work a hell of a lot harder at having a weekly press release than actually moving their product, or landing private labeling deals. Also, they only sell huge quantities, like for oil tankers, so I can't make sales to oil change stations. I personally think they'd be better making a food product, but I'm biased because I eat hemp about every day.
UPSIDE is that they have a giant plant, so even if they suck at moving their own product, they may end up being the only show in town if hemp blows up as a crop.
GrowLife sells farming equipment, and took some shares off the market last year instead of releasing more, and had increased sales, but still big losses.
Those are my 3 largest holdings. Others like Medical Marijuana, Inc., GreenGro, Cannabis Solutions, and Global Payout Inc (trying to be a pot PayPal) I own between $100-$500 worth.
I have seen pot stocks go from pennies to dollars, but none that I was in.
I can read a balance sheet, and that is why I know I'm gambling. It began with small amounts going in each month, and has added up to more than I thought I'd have put in on my own.