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Opinions Terry Shaunessy
Horizon's Medical MarijuanaHMMJ.TODON'T BUYMay 15, 2018
Terry ShaunessyStock price when the opinion was issued
As of Jun 19, 2026. Market Open.
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This asset class has been down for 5 years during a long period of investor apathy. But when an asset class has been down for longer than 3 years, you start to consider it. HMMJ has US exposure where there is growing public support for legalizing canopy. Maybe start with a small position. This is a volatile sector.
HMMJ vs. HMUS. A monstrous opportunity, but you're going to suffer volatility. Go slow, get in over time, and keep it to a smaller proportion of your portfolio. Market weighted. The US exposure is to companies operating legally, and there can't be any recreational use. With HMUS, you're tapping into a bigger market. For example, Charlotte's Web is planning to sell CBD infused products through Kroeger. This scale dwarfs the whole Canadian market. Valuations are high because of the growth potential. If you're a marijuana investing aficionado, you'd want to own both.
He's got nothing against it. But there's already a lot of price appreciation in cannabis, like the run-up in dotcom stocks in the late-90s. The value of stocks went so far ahead that tech stocks went nowhere for 10 years. Vices do well. Don't
chase this sector. These stocks are ahead of themselves.