Q: Hello 5i, I noticed a bump up on pot stocks recently, could you comment as to the reason?
5i Research Answer:
WEED sold its biosteel division last week for $30M, which will help reduce debt. But the sector is moving because next week Germany votes on a measure that could legalize recreational marijuana in the country. WEED has a subsidiary in the country supplying medical products already, so is well-positioned if any legal changes are implemented.