On the last day of February, as valuations were looking frothy, we sounded the alarm on Canadian cannabis stocks and decreased our leverage to the sector.

Although this decision did not initially sit well with Technical420 Premium Members, those who listened were quite pleased. As we did not completely exit the Canadian cannabis sector, we were able to realize gains on our largest holdings (Aphria, Canopy, OrganiGram and Aurora). 

When this decision was announced, we highlighted our intention to re-invest in these companies and explained that these moves were part of our overall investing strategy (i.e. accepting gains over 100% or greater).

A Play that Pays

During the following week, while Canopy, OrganiGram and Aurora, plunged 16%, 23%, and 13%, respectively Aphria fell less than 10%.

On Wednesday, Technical420 commenced its reinvestment strategy and re-entered into Aphria (APHQF) and Canopy Growth Corp (TWMJF). We created positions that equal 20% of our total planned investments and so far, these investments have proven to be profitable.

Patience is Key to Investing

Since one of the most important traits an investor needs to have to be successful is patience we are taking a patient approach with our reinvestment strategy

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