RE:1933 Industries Sees Q1 Revenues Decline, Blames “Low PricedAwareInvestor wrote: Is the state of Nevada about to head down the same path as California for the cannabis industry? 1933 Industries suggested as much this morning when they reported their Q1 2022 financing results, wherein they indicated their declining sales is a result of “low-priced flower flooding the market.”
Good article. Thanks for sharing. And to think weed stocks were all the rage a couple of years ago. The entire sector has collapsed even though weed has been legal here in Canada for over 2 years.
Hexo, one of the largest weed companies in the country, is trading at all-time lows (in the 90 cent range). Very disappointing to say the least. Competition is tight and it seems the novelty has worn off. Only the strong will survive.
Hope everyone here has a well diversified investment portfolio as we head into a brand new year. My prediction...for what it's worth? Gold, silver, oil, and lithium plays may do well over the next 12 months.
Wishing everyone a happy and prosperous New Year.
deet