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Sell! Or Get Off the Pot! (GRWG)

Posted on December 28, 2020

It’s marijuana time at A Jew and His Money.

Never thought we’d see the day, but apparently there’s a first for everything.

That’s right, paranoia-inducing depressives are now legal, so let’s take a closer look at one purveyor of THC equipment and paraphernalia (no, Rudy, no bongs here), and set up a high life winner of a trade.

 

The outfit is called GrowGeneration (NASDAQ:GRWG), and it offers retail access to hydroponic and aquaponic equipment, lighting technologies, seeds, soils and other related items to enhance your trip.

All Baked In…

As we see it, GRWG’s price has gotten a bit ahead of itself, and the stock looks due for munchie run.

Consider the following spliffy fundamentals –

  • P/E is a lively 699.8,
  • Price to Book is 17.65x, and
  • There’s no yield on offer.
  • At the same time, insiders spent the last six months offloading 45.7% of their stake, to the tune of just under $50 million.

Roach clip lip pinch!

As for the technical picture, it’s equally fried.

This is six months’ worth of daily smoke –

With kind regards,

Hugh L. O’Haynew

 

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