Growlife Still Halted; Marijuana Penny Stocks Still Has Uncertain Future

Let me explain again. I’ve repeatedly highlighted Growlife /quotes/zigman/11335612/delayed /quotes/nls/phot PHOT as a poster-child for this game in which the retail investor is always the mark , and late last week, holders of PHOT woke up to news that the SEC had finally gotten off their butt and was suspending trading in this... more →
Posted in: Stocks

Marijuana Stocks – Smoke ‘Em If You Got ‘Em

Part of it is because the momentum has faded, and not just because of fears that the stocks are overbought. There have been many revelations over the last few months about how difficult it is to turn a profit for a medical marijuana dispensary or for-profit recreational growing operation. There are also reports about how many banks... more →
Posted in: News

SEC Suspends PHOT, Advises Investor To Sell Pot Stocks While They Still Can

Trading in GrowLife (PHOT) has been suspended by the Securities and Exchange Commission because the regulator is concerned about “questions that have been raised about the accuracy and adequacy of information in the marketplace and potentially manipulative transactions in PHOT’s common stock.” That’s a polite way of saying... more →
Posted in: Stocks

Why Cannabis Penny Stocks Are Still Doomed To Fail

I still hope that was the case. That some of you heeded my advice and got out of and/or avoided these penny stocks before they started crashing and getting halted. Always remember that emotions are the enemy of successful investing and trading. I finally did a Marketwatch article and Cody Underground podcast specifically explaining... more →
Posted in: Stocks

Tweed Marijuana Stocks: 3rd Most Traded In Canada Went Up To 183% Last Friday

Over the weekend, the Smith Falls, Ontario-based company disclosed that it purchased over 60 new strains of medical marijuana seeds and plants from licensed growers. The firm’s current market value is $89 million. Tweed will sell 25 strains to Canadian patients for $5-$12 per gramme, shipping included. Minimum order is 1 gramme,... more →
Posted in: Investing
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