Indiva Ltd V.NDVA.H

NDVA Hits Another 52-Week Low of C$ 0.08

[davgro]

Not sure what event will turn around the recent slow decline in NDVA share price.  With next financials not due until April and the whole cannabis sector in decline I suspect we will continue to drift lower or trade sideways until then.

The Federal government has pushed cannabis regulation changes to a low priority on their political agenda and cannabis reform in the US has come to a standstill.  I personally would not be adding shares at this point without positive updates from the company.  JMO

GLTA

[QCINDIVALUVIN]

Isn't the cannabis act under review since september for up to 18 months? Thanks.

[davgro]

It is but that still leaves up to a year before any decisions are made in that regard.  Knowing how the federal government works they will push their review right to the 18-month wire.  In the interim the whole cannabis sector is declining.  Several smaller players have gone into bankruptcy recently and others are being bought out for pennies on the dollar.  Discretionary

[QCINDIVALUVIN]

Yea, I would hope that they don't wait until the end of the 18 months to increase potency. They have the power to change this overnight. As for other players entering the edibles space, I think it may be the opposite. A lot of LPs will be gone soon and this will result in less entrants. Last quarter we added cash to our balance and hopefully we can continue to do so with the increased revenues