Post by
sthinei on Nov 14, 2021 9:25am
Rapid decline in weed pricing seems
To have ended due to a lot of production cuts from many operators. The largest portion of aleaf earnings going to come from adult market and they had pricing go from 4.90 to 6.60 in rec market. Wholesale fell large from last yearsemester q3 but up about 150% that we saw in q4. I am hoping and looking for pricing in wholesale to be closer to $1 in q4. Cronos has over $1 billion in cash and only posted like $11 million in Canadian pot sales and a $2 bln market cap, canopy has 2 bln in cash, aurora has $500 mln with additional cash available they ard all losing share in cdn rec market while tge likes of aleaf gaining share with value as well as high THC content product with low cost production. ALEAF looks like a bit of a steal at these levels. Canopy ceo comments below: "Market share softness across flower categories was driven by insufficient supply of flower with in-demand attributes, including higher THC, in the premium and mainstream categories as well heightened competition focused on single strain offerings in the value flower category."
Comment by
KeyserShoze on Nov 14, 2021 10:13am
This post has been removed in accordance with Community Policy
Comment by
LarryCurlyandMo on Nov 14, 2021 11:07am
Anyone interestwd in Aleafia flower knows what dire straights they're in. They will not be offered anything near fair market value.