Cannabis Central: These Pot Stocks Rallied Big Time On Tuesday, Dec. 31st
A large number of cannabis company stocks surged on Tuesday, Dec. 31st, the last trading day of 2019, which could be a sign that investor confidence is building going into 2020. Let's hope so as the marijuana market is down almost 65% from its hype-driven peak in March of 2019. Here's a list of the major gainers.
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Marijuana companies were the worst-performing sector in 2019 as a result of weaker-than-expected earnings, over-expansion or a lack of adequate financing and, as a result, have found themselves enacting layoffs and other cost-cutting measures. Perhaps yesterday's performance signals the market turnaround we have all been waiting for. Time will tell so stay tuned for updates.
This article discusses one or more nano- or micro-caps so do your own careful due diligence. Visit munKNEE.com for further information