Charlie and the Weed Factory

[sculpin]

I find it simply amazing that Canopy Growth (WEED -TSX) has a $7.7 billion market cap today. Incredible what an old Hershey chocolate factory in Smith Falls Ontario could be worth when re-purposed. I bet even Willie Wonka would be in disbelief. Estimated 2018 revenue (GMP Capital) -- $75mm Canadian. That's one hell of a P/S ratio. Buyers at these levels better have some good strong Indica on hand if the hockey stick estimates don't come to fruition when this mania ends....

 

https://www.canopygrowth.com/

 

 

[clutch]

From the title, I thought Munger bought into the weed mania.  ;D

[DooDiligence]

Puff, puff, PASS

[awindenberger]

Anyone come across any pot related stocks that aren't massively overpriced? The space certainly looks like it is ready to explode.

[JayGatsby]

I've been thinking about shorting the canadian stocks, although I've heard (haven't tried) it's tough to borrow shares.

 

 

[DooDiligence]

I've been thinking about shorting the canadian stocks, although I've heard (haven't tried) it's tough to borrow shares.

 

There’s no borrowing but you can probably find someone to front you some.