RE:DD approval won't help, sentiment willOuthere wrote: Case in point, look at ACB SP in AH. Stock not even up 1%.
Approval of DD won't do much in todays sentiment for LP's. I almost don't want to see an approval until Aug. Unfortunately I believe approval will be here this Friday or next at the latest.
You are probably right. It is a long term game. It is all about increasing revenue and EBITDA. LP's can grow as much weed as they want. If they can't turn a profit then shite will start hitting the fan. A lot of people were pissed off when Irwin said before he enters the US he wants to " get Canada right". He is right . You can't build a building without a strong foundation. A good portion of the licenses being issued are to companies that will never even get off the ground. 2020 will be the year LP's start to consolidate. Most have weak balance sheets. They will have difficulty raising more money to absorb the losses. They will need to consolidate to survive.