RE:RE:RE:RE:Green Growth Brands Conducts Raise Right After BuyBack Absolutely agreed, although before calling IR it's usually best to look at SEDAR or related NRs and check. IR is good for clarifying fuzzy details in the NRs and SEDAR, but there's no substitute for a quick look back to see if the question is already answered out in the open.
The SP bleeding doesn't make any logical sense. Being a primarily American company now, one would think that all the talk of legalization stateside would draw more investors to a company that intends to deliver a premium retail brand and has a management team with a track record of doing just that. But I was with XTHC/GGB last year as well during this time - remember how the cannabis industry took a dive last year around this time? We lucked out by being halted, and a lot of people wanted to sell then too, and even more were mad that we were halted.
Not all cannabis stocks were impacted by the dive, but I was holding HEXO at the time as well and they took the hit, as did Aphria and Canopy. HEXO is, more or less, trading sideways right now, but if you look at WEED and APHA 's recent charts - it's happening again to them.
Doesn't make a lick of sense if you're thinking like an investor... but that's basically what's happening again - perhaps people are simply dumping their shares to pay for summer vacations.
Greede wrote: True, not everyone takes the time to get into the weeds of things and the reading of smaller details. That is a problem that is far and wide and both political and economic.
However, clearly the market is no fan of how GGB is doing things. Even if you're fine with this, on the surface - the optics were not good. The Aphria bid was a bit of a carnival and a distraction.
GGB stock has been bleeding at a rate that is shaming the whole industry. Not sure what's gonna stop this from breaking below $2 at this point but I can't imagine you're happy with things at present and not all of this can simply be blamed on the sector - i know many cananbis stocks holding up very well in 2019.
Styles76 wrote: It's not really that great of a question Greede. The terms of the financing agreement by GA Opportunities stipulated that the private placement was conditional on acquiring Aphria. GGB buying back would have been a legal requirement they would have been forced to fulfill, despite having to complete another raise shortly after.
It's very unfortunate that no one bothers reading NRs or SEDAR filings here anymore, and would rather read a short seller's BS opinion report as factual.
Greede wrote: Great questions brought up by the Deep Dive. I recommend everyone reach out to GGB investor relations and demand that Horvath clarify these things.
Let's go guys. We deserve answers.