VIBE Another New 52-Week Low @ C$ 0.09This stock just keeps going down hitting new 52-week lows on a regular basis.
Where are you Dumpster and the FalseProphet ? Aren't you going to tell us what a great buying opportunity this is ? I thought the announced NCIB was great for the stock price ? I thought the company buying back its shares was going to prop the share price up ?
How long will it be before this company folds under the pressure of revenue decline, quarterly losses and the huge black market in California. There is nothing positive in the future that will help this tiny US MSO.
Piper Sandler released an opinion today in which they state;
"However, regulatory expectations continue to drive the stocks, and we believe real change is unlikely over the next two or so years. While SAFE banking could be a key catalyst, and could materially improve investor participation in the space, hurdles remain, and we estimate its chances of passing in 2023 may be just 30-35%," the analysts said.
Also, Piper Sandler does not expect US President Joe Biden's request to review how marijuana is scheduled at the federal level to be a significant catalyst for the industry or to drive needed changes.
"We do not have much hope for passing the SAFE banking act in the foreseeable future, because too many progressive Senators balk at passage without social justice measures and too many conservatives and Republicans balk at passage with those measures," the analysts added.