RE:RE:RE:RE:RE:Who's selling under $9 today ?You are welcome Hobbie, hope some of my postings helped you from losing your mind during 2020, it was a bad year for everyone and a rough ride to take.
Regarding dividends etc, yes, I think it is possible however I do not see that happening in 2021, maybe 2022 but that is difficult to say as well.
In order for the company to pay dividends they need to be bringing in more money than they need to cover costs and upcoming business developments. HEXO will likely still be looking to partner and merge with more companies to get their edibles out and lay groundwork for distribution etc, making it unlikely that they will be able is issue dividends anytime soon (my guess)
The Cannabis industry is still in a fairly early stage of development IMHO as we do not have US legalization on a federal level at this point. Once the US legalizes the market will open up and sales go national throughout the US. The size of the US markets dwarfs Canada by some insane number (can't recall off the top of my head). The companies that are well positioned for US Legalization will get a jump on those who start up after legalization. Considering HEXO has products out there already and have proven drinks on the market I see them as being well positioned to launch capture US Market Share.
These things all take time and shareprices take time to reflect progress. The progress a company is making is best judged through improvements in their QTR reports. Keep an eye on the reports, set timelines and targets etc for your investment and be patient. Sometimes the market can kick you in the gut but with the right company in your portfolio you will do well over time, despite the ups and downs of the market
Deciding if a company is "the right play" is for you to decide, your targets and timelines are also your's to decide. Give careful thought to all of that.
Wishing you and your's the best for 2021.
Q
Hobbie4 wrote: Thank you Mr Q, you know after all the stress of what happened in 2020, a small dream is always welcome. I am not a very good financial guy, just do some for myself but most of my financial investments are made with expert ( which I am not.... each of us are specialized in something ). Anyway, do you think that sometimes, they will give some dividends or there is more chance for them to keep the cash for future investments.