After starting the week with some upward momentum most pot stocks gave back most of the value from the start of the week.
SPACs or special purpose acquisition companies have become a more popular method of bringing companies to the market in recent years.
In reality, a variety of different cannabis companies can give you a well-rounded exposure to the cannabis sector.
In general, due to how much the cannabis sector has declined in market value this could be a good time to start an entry position.
For those not familiar with the platform Weedmaps it’s an online listing marketplace for cannabis consumers and cannabis companies.
Currently trading at $15.84 in the last hour of trading on May 7th the stock is down 16.61% in the last month.
Known as The Parent Company or TPCO the newly formed public company is made up of direct-to-consumer platform Caliva, and hemp manufacturer Left Coast Ventures.
Currently trading at $7.30 in the last half hour of May 7th the stock is down 28.75% year to date with a high of $13.96 in February.