Seed Innovations – Ed McDermott Bullish but am I losing faith?
By Tom Winnifrith | Thursday 1 December 2022
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Seed Innovations (SEED) was my exposure to cannabis and a jolly disastrous investment it has been. At 2.6p I am almost 80% out of the money. My feeling is that the cannabis bubble has burst and yesterday’s comment on CBD HERE has to be bad news. I cant bring myself to cut the loss although maybe I should. But of the NAV is 8p as Ed Claims maybe I should hang on? A couple of weeks ago I exchanged emails with Seed boss Ed McDermott asking him if he was alright?
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