sunny747
Well-Known Member
Just wondering if anyone has purchased any Marijuana related stocks? If so, how did it go?
I ask for two reasons. I met a guy last week that told me that Solis-tech is recruiting pre-money. This is basically venture capital. I have the opportunity to invest with them. They are raising 3 million. I have never been involved in a VC deal. A fool and his money are soon parted so I stay away from things I don't completely understand. Solis-tech is supposed to be a well run company though. Their revenues are increasing etc.. They will likely go public at some point in which case I would be interested in the IPO.
I told another friend about this deal and he told me he make a ton of money when Colorado went recreational because he owned a basket of MJ stocks. I didn't ask how much a ton of money is, but he seems pretty happy about it and he is a pretty successful person. I gathered from the conversation that most of the companies he owned were just mom and pop operations, but they increased drastically for a period of time. From 20c to 4$ in a short period of time. He said they're likely 20c again
I used to be a professional stock trader so I completely understand the risks and am used to the swings and losses. Anything I invested would just be risk capital. I'd like to buy a few companies to hedge the risk.
If anyone has any suggestions or insight on this topic please let me know.
I ask for two reasons. I met a guy last week that told me that Solis-tech is recruiting pre-money. This is basically venture capital. I have the opportunity to invest with them. They are raising 3 million. I have never been involved in a VC deal. A fool and his money are soon parted so I stay away from things I don't completely understand. Solis-tech is supposed to be a well run company though. Their revenues are increasing etc.. They will likely go public at some point in which case I would be interested in the IPO.
I told another friend about this deal and he told me he make a ton of money when Colorado went recreational because he owned a basket of MJ stocks. I didn't ask how much a ton of money is, but he seems pretty happy about it and he is a pretty successful person. I gathered from the conversation that most of the companies he owned were just mom and pop operations, but they increased drastically for a period of time. From 20c to 4$ in a short period of time. He said they're likely 20c again
I used to be a professional stock trader so I completely understand the risks and am used to the swings and losses. Anything I invested would just be risk capital. I'd like to buy a few companies to hedge the risk.
If anyone has any suggestions or insight on this topic please let me know.
