Pot Stock Volatility Won't Ease Anytime Soon, BMO Banker Says
- Cannabis supply will remain challenged in nascent industry
- Next shift in marijuana sector will be away from producers
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Pot stocks will remain volatile and marijuana supply challenged as the nascent industry struggles to find stability, says a Bank of Montreal executive who’s led some of the biggest deals in the sector.
“The share price volatility you’re watching is going to continue and it’s going to impact where we’re going," Dan Barclay, co-head of global investment and corporate banking at BMO Capital Markets, told reporters Wednesday after an investor event in Toronto. “Until you get to stability, which is probably two to four years from now, you don’t really know what the business is."