RE:RE:RE:RE:Market Capitalizationquinlash wrote: The price of shares is set by the actions of investors and traders. This applies to HEXO Corp but also to all other Cannabis Producers and every stock that trades on the StockMarket. The entire Cannabis Sector has been beaten up in 2022 with HEXO not being spared. The sector and HEXO Corp will recover as more investors take interest in the sector and HEXO itself.
When Biden took office in early 2021 the sector (and HEXO) seen the 2021 highs but when he failed to act on his promises the sector (and HEXO) started to sell off. The sector will likely see it's biggest ramp up and longest period of running again once more tangible evidence comes to light in terms of US Legalization. Outside of that we will likely see HEXO ramp up hard and run on a positive EPS report or a report that beats street estimates in a big way. If the company is indeed on track to report EPS positive on the next report then we don't have that long to wait IMHO.
Other actions on part of the company could produce positive results, these would include (but not limited to); Renewed Insider Buying on the open market, Press Releases for notable product rollouts, a new take-over bid for the company (or multipe offers)
News on US Legalization is not hard to find however progress is painfully slow and taking much longer than myself and, I am sure many, ever expected. The delays can somewhat be justified by the onset of Covid, the attention the US is giving to the Ukranie Conflict and other marco level events however each of these are starting to move behind us and the excuses for not legalizing in the US are getting harder and harder to find. This could also be why we are now learning that US MSO's are actually taking legal action to move things in the right direction
Little "q"...is it possible that you truly believe that if you repeat the same mistakes and information enough times that even you will believe yourself??
It's the only thing I can come up with.
Geeeesh.
S7