Accordingly, expectations of federal legalization seemed like a no-brainer with the “blue wave” we saw take hold in U.S.
Let’s discuss what this means for cannabis players like The Green Organic Dutchman right now.
Indeed, this company was positioning itself as a player with the potential to have export capacity to serve the United States.
Indeed, the 185,000 kg of capacity this facility was supposed to provide has gone up in smoke, along with the US$200 million the company poured into this endeavour.
How much gets written down before it’s all said and done is the big question many investors have right now.
The cannabis sector is a great example of a segment of the stock market that has seen valuations swing wildly.
That said, the capital-allocation missteps of companies like TGOD stand as a reminder of what downside could be on the horizon for this sector.
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