Jushi Holdings JUSHF is my favorite cannabis stock. It moves with real uumph, multibagging into the stratosphere. Although it's been really dragged down since the high 75% ago. But I think its bottomed here at $3.00. You can see my annotations in the chart. It did break that support level recently but it looks like the price is refusing to go back lower than specifically $3.00.
Jushi's business model is really something. They focus on M&A in emerging cannabis markets in the US, such as border regions with states without recreational cannabis (IL-MO, MA-NH) and states with legalization legislation in development (PE, VA). There's something about this strategy of geographic expansion that's just so... satisfying. The shrewdness. The skill. The cunning.
I would watch the current price level to see if it holds, but most likely where its at right now is a base for any ramp up with legislation being discussed during the midterm election cycle in the US. Just a thought.
Jushi's business model is really something. They focus on M&A in emerging cannabis markets in the US, such as border regions with states without recreational cannabis (IL-MO, MA-NH) and states with legalization legislation in development (PE, VA). There's something about this strategy of geographic expansion that's just so... satisfying. The shrewdness. The skill. The cunning.
I would watch the current price level to see if it holds, but most likely where its at right now is a base for any ramp up with legislation being discussed during the midterm election cycle in the US. Just a thought.
Nota
Looks to be leaking out but I would be surprised if it reversed after a catalyst soon.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.