General Cannabis Corporation (CANN) is an unimpressive general holdings company which is in a hyper-competitive industry. The revenue growth which is touted by the company is by no means impressive, and no clear path to profitability has been presented to shareholders. Insider selling is rampant, and General Cannabis sells no unique products/services – a major issue in such a competitive industry. With so many other young promising legal cannabis companies and the rise of various ETFs which track the entire industry, the bull case for General Cannabis is a hard one to swallow.
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