Village Farms International Inc VFF

Tomorrow might be interesting

[Keeler]

I bought at .93 and averaged down.
I'm comfortable with my cost tonight - but tomorrow?

It sure seems to be an overreaction - I mean, $25 million, $ 1.35/$1.65?
I can't see this NOT recovering, the produce side took a hit - but Pure cannabis is profitable and growing, including international sales.
The financial institutions participating show confidence in the company - there's a lot of cannabis LPs that couldn't get this sort of direct offering.
I'm wondering why they need the money? Surely it's not day to day operations, is there soemthing else going on? 

[ferret_ca]

I'm kinda thinking something else might be up, they've been spending a bit on establishing international sales but I suspect shorts are at it in all these pot stocks  especially once the republicans took the house so tough to legalize now in the US. I still like it at these prices but maybe you and I are just a coupla village idiots on this one, lol. I suspect things are ok since

[SHOWMEURKITTYS]

where are the earnings??

[ferret_ca]

I sold mine this morning after taking a good look thru the financials etc. and the state of the whole pot industry. I can use the tax loss and it wasn't a large position for me anyways. I just see too much risk now in a possible bankruptcy or restructuring down the road with the deteriorating working capital etc. lots of better places for me to put the money at my age than vff. working capital

[kenster]

Hard to believe you just took a 45% loss on this and just looked at the financials now.Tax loss long over.

[ferret_ca]

oh I looked at them many times, I see lots more upside in other small caps I own and am looking at for the near to mid term, the tax loss on this will  help a bit on next years taxes, I didn't like the way this traded yesterday or today and suspect they've gone thru more of their working capital than I thought, I just wanted another look before I sold and moved on for now, I'd

[kenster]

This does not pass the smell test.25 mil traded and only 5k today. 2.5 mil drop at the open.  Odd that the dollar figure traded equals the 25 million in the raise.Did Sundial sell off 2.5 mil in a pre market deal? Rsi was under 4 with No dead cat bounce. Been in the market watching 6 years and never seen this kind of drop. -45% if you count the day before ,obvouis someone knew. There's