RE:RE:RE:RE:RE:RE:Is there any hope in this stock?It is going to explode because the company has been putting together the pieces of a truly vertically integrated cannabis ecosystem that will generate massive revenues in the months and years to come. Of course, the linchpin of this strategy is the cultivation campuses that we'll see coming online in the next few quarters, most immediately in California and later on in Canada and in other US states. You could say other cannabis companies have bright futures ahead of them as well, but a key difference is that everybody has already had their rallies and boast market caps that reflect their earnings potential and then some, while the same can't be said for Sunniva. So if you want to own a company *before* it doubles and triples in the near-to-medium timeframe, SNN would be your best bet right now.
Why hasn't it rallied along with the rest? I would say it's a combination of several key factors:
1. Lack of clarity on how and whether the company will be able to finance its BC campus;
2. Lack of clarity on the details of its California business model;
3. An awkward mix of US and Canadian operations, as well as multiple moving parts and a relatively difficult to understand overall strategy;
4. CSE-only listing coupled with a low float;
5. Self-perpetuating stock underperformance.
Sunniva is the mirror image of Tilray in the sense that it's gone down so much largely because it's gone down - why should investors go with a loser when there are so many winners all around? The company's low stock price has no effect on its business, however, and it's moving forward on all fronts. Between the company finalizing financing, starting to cultivate in California, spinning off and uplisting on Nasdaq & TSX, you will see all of the items that I mentioned basically rendered irrelevant and obsolete. Slower than expected, faster than expected, it matters little when you consider how just how depressed the price is at this time. The current bearish sentiment won't last forever.