Article By:
Lorimer Wilson
Sunday, January 29, 2023 10:09 AM EDT
Cannabis, psychedelic and plant-based food stocks were extremely oversold in 2022 but many of them could possibly bounce back with major returns in 2023. We track the performance of a basket of 10 such stocks.
American MSO Cannabis Stocks Down 15% This Week
In this inflationary timeframe, many MSO’s will go under or be bought on the cheap. The Planet’s ($PLNHF) management is financially conservative and will survive this. As I stated many times, this is a long term 3 year buy, and will arguably return huge rewards at this current price. I continue to buy. Believe we have a decent chance of getting the SAFE act billed passed in some capacity by years end which would be a catalyst to the entire sector. Florida sales coming on line next year for the Planet. Need to be patient and not look at the stock price everyday if you believe like i do in the future. It is all laid out. Planet is executing!