In a recent interview with David Downs, ArcView CEO Troy Dayton suggests that investors should be very cautious when it comes to cannabis-related stocks. He suggests that of the over 300 companies, investors should focus on only 4-20, as the rest are opportunists or just not qualified.
The incentives are off. It becomes more advantageous to sell stock than it is to sell product. What you have is really lopsided organization writing press releases instead of building a business.
Troy Dayton, CEO of ArcView Group
Everyone now knows marijuana is big business. And one of the investors leading the charge is Troy Dayton, from The Arc View Group. His network of angel investors has put fifty-two million dollars into canna-businesses. Troy knows what he’s talking about. And he gave us an inside tip: steer clear of investing in Pot Penny Stocks.
Penny stocks refer to public companies that trade “over the counter” in the so-called “pink sheets.” And they lack the reporting requirements of bigger, more established companies. But Dayton says marijuana hype, combined with a tight investor landscape is fueling interest in pot penny stocks.
So if and when you get a hype-filled email or Facebook message from someone with a ‘once in a lifetime opportunity’ to invest in weed — buy a sack instead. The buzz will last longer, guaranteed.
Listen to the interview of Troy, “Watch Out For Pot Penny Stocks!”: http://thehash.org/2015/10/watch-out-for-pot-penny-stocks/
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