News with Auxly Further confirm that demand for Kalifornia is waning, Kolab is going to market a second strain.
It remains to be seen how Lotus will move the surplus.
Lotus mgt continue to skirt their responsibilities by letting another co do the marketing.
Lotus remains a grower likely getting marginal wholesale prices in a depreciating high cost facility.
Dale and Co. Will justify their high compensation in any way they can.
Stock remains a sell in the environment of over supply, and zero moves to garner margin.
Higher electricity rates are coming. Wages will be rising. Taxes and shipping have no where to go but up.
Meanwhile, selling prices are not keeping pace.
Margin erosion equals a difficult profitability outcome.
I am out, but, I continue to recommend everyone do the same.