RE:RE:RE:RE:RE:CXXI Share PriceVery comfortable with the Company and how it is being run.
In this double bear market (for Cannabis and in the general markets) they will very likely be one of the survivors.
Catalysts?:
- Still profitable, & positve cash flow. Only $ 4M left in debt. Zombie competitors (wholesale and retail) will no doubt begin to fail under higher interst rates and lower flower prices. This will give them the upper hand in the future. And as they say, the cure for low flower prices is low flower prices.
- US Legislation. I know we are all tired of waiting. But even hints will cause violent upward adjustments, until it eventually does come to pass.
- M&A. Hoping they can close a deal with maybe a private dispensory or two...in return for an equity stake (not cash). More revenue and venues for selling their product (vertically integrated) will help both the acquirer and acquiree. Just need to convince the target that it's a much cheaper way to get into the public markets (by leveraging what CXXI has already done). In the end, that is what will lead to higher valuations and better exit strategies for all concerned.
- End to the bear markets...who knows when the FED pivot happens? Q1 2023? Q2? Even profitable microcaps will continue taking it on the chin, until that happens.