WELL, SUPPORT HAS BEEN BROKENCloses below $2.00 - an absolute disaster.
The market is telling us that all these Canadian LP`s will play second fiddle to the huge influx of American LP`s that will emerge in near furure.
The Canadian players will supply the much smaller Canadian market.
The American players will supply the much larger American market.
The European players will supply the European market.
Tariffs and Taxes will kill imported products.
American producers will produce at a much lower input cost - ie: favourable climate.
Absolute pie in the sky to think any of these Canadian LP`s will turn the corner and race to profit, even rosier to think a huge export market is looming.
Money can`t get out of the way fast enough of this nightmarish sector.
TLSS dead ahead, more pain to come for all the Canadian LP`s.
Sorry to say it but even as HEXO has positioned itself to be a top tier Canadian producer, it still can`t dodge the Mac Truck of reality that is speeding towards it, HEXO and many others are the paralysed deer in the middle of the road staring into the headlights - frozen stiff with little alternative.
Can anyone here who has been reaching out to catch this continual falling knife show us how many fingers they have left.
Can anyone here with any degree of certainty state what the catalyst is to turn the sector around - and not just a rehash of the same old rosy, hopeful, dream land hypothesis - because it ius more than evident the hype has left the room.
There may be a short lived bounce early into next year on optimism but you gotta think money will be tripping over itself to get out with a bit of shirt left .
GLTA