The large public cannabis companies were overvalued. This is a come-back-to-Earth rationalization. Matt Hawkins More Quotes by Matt Hawkins More Quotes From Matt Hawkins There is no doubt that the day of reckoning has come for the multistate operators, the days of being valued at projections three years down the road are long gone. Matt Hawkins top-news You're going to see a lot of public companies that are cash-strapped that need a round of financing that likely can't get that done in this current climate. Matt Hawkins top-news