RE:RE:LowsUnfortunately, it may still continue to slide.
Support is evaporating. Management needs a shake up badly.
I don't agree that the MJ sector is a bubble and over. Expectations may have outrun reality, but the true magnitude of the numbers are still not known. While I understand what critics are saying that MJ is a crop, and should be treated like any other kind of harvestable product and pricing will plummet. The argument could be the said for tobacco or alcohol. The difference is as a highly regulated industry, alcohol, tobacco, and MJ are similar and companies operating in that industry remain highly profitable,
I do agree that management is clueless on how to run a business, let alone a public one.
As the days/weeks roll by without any progress report for Telkwa, the status of the loan isn't promising. I maintain that this is a company that is in dire need of leadership. As market cap continues to slide, it may become a more attractive prospect for US based companies looking to enter the industry.