WELCOME TO SMART COMMENTS ! Good evening
Since about 2 years, the big players (ACB,TLRY, APH, CRON, WEED, etc) and medium ones (HEXO, etc) as well as smaller cos (TGIF, etc.) in the REC industry were all saying that they will be ready for the legalization ! That day came finally and all CANADA is out of stocks after a week ! What went wrong ?
Moreover, these cos which voiced all over the world their capacity of production and distribution became mute about this short-of-stock. HEXO which had the big piece of the cake in Qc as well as the 3 others ones, including ACB didn’t give any explanation on this issue. In the interim, the black market that the legalization supposed to target or shut off, is pumping widely its stocks all over Canada ! What a fool…
Where are these huge capacities ? And how their SP is declined so fast and continuously whereas they could profit of quick retails sales to absorb their debts and maintain a certain interest to their SP ! Strange enough, even after the exit of Jeff Sessions, the anti-Cannabis US Architect, which appeared to be a SERIOUS momentum to surge all sp, we all have seen a DROP on all stocks except the great…APH ! Shorters, you think ? But these… tradition exist since the 2nd world war !
I have the feeling by the time these pretended prolific companies will be able to provide enough cannabis to satisfy the global demander to pay their debts, the space will be occupied AGAIN by the black market ( not so black anymore since legal !) And these folks will REDUCE their price to fight legally the…legalization !
I wish I I’m wrong, but will be happy to get comments from the chart experts or smart observers !