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Starting with the CannaInvestor Magazine top stock pick list, if you go back a year or more you will see companies such as Canopy Growth Corporation (TSX:WEED; OTC:TWMJF) frequently appeared in the top 5. The last top 25 list had only 2 that are fully operating within Canada and Canopy Growth had fallen to 10th. A slow and subtle transformation of the stock pick list to include more and more USA companies.
CannaInvestor Magazine introduced this view of the industry as a fast changing ever evolving ecosystem that is now an industry “given” and repeated and used by others. The transformation of our Top Stock Pick list to include more and more USA companies may be indicative of that transformation.
Our case studies this month will look at the top 3. 22nd Century Inc (XXII) may have been #11 but some analysts have given it a one year price target that represents nearly a fourfold increase in share price!
Unlike certain others that simultaneously promote their paid clients while publishing negative and potentially damaging comments on companies that are not their clients, CannaInvestor Magazine continues to cover the industry with a professional approach putting investors and the industry itself first.
If the damaging comments were “true” that would be one thing but what we are seeing is ramped up rhetoric by some including offensive metaphors. Their approach, at least from my perspective, seems at times to be if a company is their client then they are being paid to educate investors but if a company is not their client then they use terms such as “pumping and dumping” to describe that marketing campaign’s intent.
More than a year ago I wrote how this industry is akin to the Wild West. I am sure you can think of a term for those that would damage one’s reputation (and value) unless money is paid to be their “client”. They seem to work independently as well as in packs when necessary. How often have you seen one of them post on social media or a bulletin board and within moments the same small group of characters are endorsing and reposting the original messages – often while also ignoring or discrediting legitimate sources?