RE:RE:RE:RE:Market CapitalizationThe actions of investors and traders are determiend by the performance or lack of performance of the company.
If the company is competently run, if it manages it's debt - if insiders show confidence int he comapny and actually buy shares with their own cash - if the future of the company looks promising, then investors will invest.
If the company has incompetent managment, over pays for bankrupt companies that they did not need - if they get into unservicable debt, if they lay the majority of staff off and close facilties - if they lose a Zenabis to bankruptcy, if they provide no guidnace or timely updates (no updates at all actually) and if they sign no news agreements with the Entoruages and Tyson's of the world - then you get a companyw ith little hope or future - and you end up witha ,.02 share price before the 14-1 split and 4-1 split.
Biden DID NOT make the promsies you said he did - it's a lie - he promsied to der4gulate cannabis crimes ona federal level and he did.
If investors bought into the non-reality that Democrats would legalzie cannabis the day after taking office - then they made poor investment decisions not based on fact or reality quinlash - (12/23/2022 11:45:09 AM)
RE:RE:RE:Market Capitalization
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.
quinlash - (12/23/2022 11:45:09 AM)
RE:RE:RE:Market Capitalization
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.