The industry on cannabis has been one of the most prevalent in the news over the course of the past few months or so. With new business deals going on on a daily basis and the changing public sentiment on the industry moving toward a positive light, it seems as though cannabis truly is the market of the future.
The most shocking news as of recent has been the company Tilray (NASDAQ:TLRY) and its jarring price movements. The company has been at the forefront of the market for some time now and has been considered to be one of the bigger players in the industry. This, however, has not shuttered the stock from seeing a high amount of volatility in recent times. The company saw its stock this week shoot up by as much as 90% before dropping back down to 25% below its opening price on Friday. This kind of wild price movement can only be explained by one thing, and that is the infancy of the cannabis market. The cannabis industry may not be new, but in terms of legality and its standing around the world, the market is very new to investors. Because of the infancy of the industry, it seems as though a lot of the trading in the market has been happening off of the principles of speculation and not on the intrinsic value of the companies like it should be. The cure to this is simply time. All industries face a point at which investors will begin to trade on the actual value of a company rather than what the news says is going on. Now of course, it will always be a mix of this, but the infancy shows how much weight is put on the latter.
One of the companies that has managed to stay clear of this high rate of volatility has been one of the smaller guys in the market. The company GTEC Holdings, Inc. (GGTTF) has been working to secure a vertically integrated craft cannabis business throughout Canada. The craft movement has been in play for some time now, but not many businesses have taken advantage of seeing how high the quality of a product can get in smaller batches. This is something where GTEC has been able to excel in the past few months. GTEC is also completely vertically integrated which means that they don’t have anyone to answer to and can have a complete control on their product. For this reason, GTEC has been able to stay clear of a lot of the volatility that has hit the whole of the market.
Cannabis as a whole has been notoriously successful but also notoriously volatile over the past few months or so. The hopes are high that as the market begins to settle down, the price of stocks in the industry can begin to reflect the true values of the companies involved. Only time will tell how well these companies can continue to perform amidst speculation and other issues that need to be resolved within the market.
Pursuant to an agreement between an affiliate of MAPH Enterprises, LLC, Midam Ventures LLC, and GTEC Holdings, Inc., Midam has been paid $63,333 cash per month from the company and ZERO shares of GTEC Holdings, Inc. for a duration beginning 07/10/2018 & ending 07/10/2019. We may buy or sell additional shares of (GGTTF) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information.
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