So my little foray into the medical marijuana field cost me $3,000 in 3 months. My portfolio went from $15k to $12k.
I decided to cash out and regroup.
On Monday morning I am going to purchase a $10k convertible promissory note from AVTCE. You get a one-time 10% stock bonus, 10% interest/year for the 3 years of the loan. If you convert the note to stock in the 1st year its a 25% discount, 2nd year 15% discount, 3rd year 10% discount. As of now I intend to convert the entire note immediately.
Now to trim the fat.
I compiled an extensive list of MJ stocks about 41 to be exact. Watching and trying to invest in these stocks over the last 3 months has been difficult to say the least.
I realized that 41 was too many stocks for me to track. For me, I barely knew anything more about the company than the ticker symbol.
So last night I trimmed my list from 41 stocks to 14. The stocks I chose are all MJ related and their main focus according to company description is Pharmaceuticals, Supplements, Biotechnology, Bio-Pharmaceuticals, Nutraceuticals. I think these companies are less dependent on actual legality of MJ. These companies are looking for cures to Cancer, Parkinson's, Diabetes, and many more diseases.
Here is the list:
VRX Valeant Pharmaceuticals
GWPH GW PHARMACEUTICALS
GWPRF GW PHARMACEUTICALS
NTRR Neutra Corp
IGXT Intgelgenx Technologies
CYNAF Cynapsus Therapeutics
NVLX Nuvilex Inc.
ATTBF Abattis Bioceuticals
XCHC X Change Corp
CBIS Cannabis Science
PARS Pharmos Corp
BISU Bio Solutions Corp
FITX Creative Edge Nutrition Inc.
HESG Health Sciences Group Inc.
Disclosure: I am long OTCPK:HESG.