GREY:SNNVF - Post by User
Comment by
sunrizeon May 22, 2018 9:13pm
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Post# 28066896
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canadian License
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Canadian LicenseThe Canopy deal did nothing to the sp, except for a spike for a few hours and then thud. I say this again..... just concentrate in California. Bigger market than Canada and virtually no competition in California. Why all the fuss in an over saturated market that you are very, very late to? The damn Canadian facility overhang is just put a choke hold on the sp.
Bluechip2 wrote:
I agree that the biggest concern for me is the Canopy deal. If the market doesn't take off as expected in Canada and Sunniva is delayed outside contract timelines it could upend the SP if contract gets annulled. Just read an article by Ted Ohashi, it is expected that Sunniva will release 1st quarter financial update on May 30th, may place them 5th or 6th in revenue. May be a little catalyst there. If legalization is delayed beyond the date of Sunniva first deliveries of product from Cathedral city facility then that would essentially put them in the drivers seat for revenue, de-emphasizing the timelines in Canada.IMO