SEPTEMBER - OCTOBERare traditionally weak months, anyone`s guess where HEXO goes from here.
Here in Alberta the talk is all about Covid and the Delta variant right now, Saskatchewan also looks to be in for a rough ride, B.C. today announced some pretty bleek statistics as well.....recent projections predict an absolute explosion in the infection rate over the next 3 weeks.
Will the military need to come into Alberta to assist ? Our provincial leaders say no at this point....but they have fumbled the ball on every single play in the Covid play book so far so I don`t put much weight in their staement.
Things do have the capacity to get much worse from here but finally some of the naysayers are getting vaccinated, but as people move inside with the change of season we can certainly see things get much worse before they get better.
Point being....don`t count on any Santa rally this year but be very aware of some steep tax loss selling as the year winds down.
You think HEXO is cheap now...IMHO the odds are stacked for HEXO to be much cheaper over the next 3 months.
Which may make for an excellent early New Year trade - but more than a few things have to gel for that excellent trade to materialize, the most of important of which is containing Covid and avoiding economic shutdowns.
GLTA and stay healthy.