GREY:ALEAF - Post by User
Post by
sthineion May 26, 2022 7:48am
269 Views
Post# 34708422
Volume ridiculously low here
Volume ridiculously low hereI have been buying a few thousands shares everyday for a while now. Accumulating shares for what I see will be a breakout in 2h for the entire group. Also getting in on another 300k shares in HEXO. Why? TLRY released in filing that they attempted to buy HEXO in $2-$3 as recently as November and they were rebuffed by management who thought the offer was too low. Stupid execs. That was why I initially bought. Dumb guys always want to hold on to their fat paychecks as long as possible. No other offers arose and tlry then scooped up debt with conversion now at .85. market crash has sucked stock lower. This is what is happening in sector now in Canada. All the big producers realize they grossly over built and over producing. They are focused on cutting back production. As such we are going to see reduced supply and increased or more stable pricing by the time we get back around to outdoor harvest time. Big producers are looking to invest in future by getting toe holds in Europe and US for legalization in the future and reducing investments in production here because they know for the most part they won't be able to export all of that recreational weed across borders without additional red tape. They want to ensure they are in financial position to increase those foreign investments. Hence ACB shutting down a lot