RE:Last week to sell before major dropSeasonedbroker wrote: ER Aug 1 is 2 weeks late. You never never delay good news. And this ER is delayed intentionaly. It will cause yet another downgrade of the entire mj sector. The CDN mkt is already oversupplied in the legal sales space. Don't think for one second that the international mkt will rush for overpriced Cdn weed. All it takes is the stroke of a pen for any country with far less cost of production to screw this overvalued Canadian production.. Longs were warned 3 months ago and it looks like few listened. Maybe if most posters here had a real broker instead of trying to be armchair experts they would be better off. Every time these dumb longs slammed the warnings to sell, they got burned.
Soo many errors with your statement.
First, Canada is not over supplied, don't make me laugh.
Secondly, black market is stealing sales from the legal market. Government needs to get serious in Ontario and BC and close down all illegal shops. Start sending the owner of the building to jail for renting to a marijuana shop. Stop playing games.
Third of all, many MJ companies are looking great, do some DD on EVE and you'll be wowed!
I wouldn't be surprised if they pulled a profit before these "big companies" such as ACB or Canopy.
As for other countries buying Canadian weed, as for now, as long as they have contracts, companies like EVE will sell to Germany at high prices. Sure, this can all change in 3-5 years once contracts start expiring... but if the European Union and USA don't get serious about legalization, they'll always be behind Canada, quality and quantity. We can easily be a big exporter of MJ for 5-10 years... again, after 3-5-10 years, once other countries start legalizing and growing their own, things might change.