GREY:ALEAF - Post by User
Post by
sthineion Nov 14, 2021 8:06am
288 Views
Post# 34124352
The numbers over the next 2 qtrs
The numbers over the next 2 qtrs Should be much improved. HEXO basically bought out 48 north and Zenabis to shut down their production facilities. Outdoor grow op by 48 north was shut down in May and they were the largest outdoor grow op in Ontario in Brant County. Then hexo just recently shut down their indoor production in Kirkland lake and processing in Brantford. Some of this type of activity being replicated in other parts of industry. Aleaf had little to no recreational sku last q3 or q4 so they just dumped much of their product on wholesale market. They also had no international sales to think of. Their rec sales were $200, 000 last q3 compared to over $4 million now. They dumped so much on market last q4 that they did not have enough high grade THC product to keep up with supplies over much of the year. Hence Divvy etc... was frequently out of stock. The shame is that things are starting to pick up finally just when they need to deal with the debt situation which is what is hammering the stock. May be too little too late.