Topic: How To Invest

Q: Hi Pat: Thank you for your sage advice. Just looking at penny marijuana stock FSD Pharma. I would really value your opinion. Thank you!

Article Excerpt

A: FSD Pharma Inc., $0.73, symbol HUGE on the Canadian Securities Exchange (Shares outstanding: 1.3 billion; Market cap: $865.9 million, http://fsdpharma.com), holds, through its wholly-owned subsidiary FV Pharma Inc., a license to produce marijuana under the Access to Cannabis for Medical Purposes Regulations. It received its licence on October 13, 2017. The Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange (CNSX), is an alternative stock exchange in Canada. FSD Pharma is headquartered at the former Kraft plant in Cobourg, Ontario. It aims to transform the facility into the largest indoor hydroponic cannabis production site in the world. FSD intends to target all legal aspects of the cannabis industry, from cultivation and processing, including the production of extracts, to manufacturing, and research and development. The company currently has just 25,000 square feet of growing space, but it has an ambitious expansion plan. Phase 1 of the plan will add 820,000 square feet, while Phase 2 will add another 2.9 million square feet. FSD…