Sunniva Inc C.SNN

Bailout time

[sonnyyy]

It keeps getting worse every day.  take a 55% loss  and dont look back.

[Fundy13]

These realtively low volume stocks can move very quickly and momentum usually push the stocks to either over or undervalued positions.  I think we are now undervalued and downward momentum is bound to stop as unlike some cannabis companies SNN actually has good revenues coming in to support its market cap.  Unless you think this company is headed for bankruptcy then share price can't

[rborhi]

I agree, though it hasn't been pretty to watch, there will be a turnaround and their California facility will be a huge asset once fully operational. As MJ laws relax in the states, SNN will probably make some big partnerships and become a solid takeover target. MJ isn't going away now and Sunniva is playing by the rules and doing everything right, I think the next two quarters will tell

[JMark80]

Not sure anyone would want to takeover Sunniva when their greenhouse is leased, and at a high rate. Still can't believe they didn't sign a capital lease.

[canuckinvestor]

Isn’t it a lease to eventually own ? anyhow a company like Tilray or Canopy  might buy them once they are up and running  sometime in 2020 or 2021

[JMark80]

No, that would be a capital lease.