RE:RE:RE:RE:RE:Broken the Shell of $ 2.00 - VLNS The continued weakness is surprising. The 1.67 - 1.70 support needs to hold or it's likely going back to the 1.50s. Will be curious to see if indeed there's a continued uptick with the shorts on the next report.
Anyone have any ideas why there's such continued weakness? My only theory is that margins are still under significant pressure and despite an unbelievably successful pivot last quarter, the market is fixated more on flat top line growth, pricing compression in the oil segment and a current lower margin business until they scale up in K2.
Weak hands are undoubtedly being shaken out as other mj stocks go up and vlns stays rangebound between 1.50 - 2. Longer term I believe this team will drive top and bottom line growth and be one of the best performers in the Canadian mj market. All imo.