Fer sure!...just don't INHALE the thing...!!
That's not what I see in the chart data. First day closed at 10.25 ish, today closed at 10.44HMMJ is now closed below where it closed on its first day of trading.
Yup, that's a lot of share issuance. Hard to tell at this point if there's enough investor demand to make this work. Managing a bubble is a delicate business... the MJ companies would be wise to not get too greedy with equity issuance, because they should want equity prices to keep rising (this trend is what fuels the bubble).Aphria dumped $75M of shares last week. That's nearly 60% of the entire NAV of HMMJ in one day by one company - it certainly can't soak up the supply of stock.