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420Investor Alan Brochstein Discusses New Cannabis Issuers Post-IPO Weakness
420Investor and New Cannabis Ventures Founder Alan Brochstein, CFA shares his views on why new cannabis issuers have performed dismally this fall. Brochstein emphasizes that the broader market has played a role in this trend, as the downturn since October has weighed heavily on the space. He also highlights that since 2016, significant amounts of capital have been raised in the space and individuals have more options when it comes to cannabis investing. While it is easy for investors to cut their losses right now, Brochstein cautions that they would be wise to pay attention to the immense revenues generated by new issuers, despite stock volatility. Brochstein is happy to see US companies like Harvest Health & Recreation Inc (CNSX:HARV) (OTCMKTS:HTHHF) and Canadian counterparts such as Organigram Holdings Inc (CVE:OGI) (OTCMKTS:OGRMF) (FRA:0OG) providing detailed guidance. Brochstein notes that US investors now have a lot more options to invest in the United States and he believes this will be a big story to watch in 2019.