The Compound and Friends cover image

The Quantum Realm

The Compound and Friends

CHAPTER

Microcaps and Nanocaps

There's a phenomenon where sometimes an entire sector becomes microcap all at once. We're seeing that now with cannabis companies. Mike, what would you guess, remember canopy growth was the hottest stock in the space? What would you guess its market cap is right now? 2 billion. Yeah, it's 258 million. So it's a microcap. And, and this was a, honestly, I'm not even making this up. People were like, oh, that's the blue chip, a cannabis company. But this was a $41 stock two years ago. It's 44 cents right now. That seems to me like the most desperate and like the least appealing is like, I

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