GREY:INSHF - Post by User
Comment by
mtd121215on Nov 22, 2018 7:53pm
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Post# 29012048
RE:RE:the details
RE:RE:the detailsI highly doubt that anyone on this board knows much about the licensing process and whether or not companies like NewLeaf would have their licenses suspended to "balance" the market.
We have no idea what is going to happen, other than new license applications have been suspended by AGLC due to a lack of supply. Lp's are being blamed for shortage, yet the provincial governments aren't providing the appropriate labelling for the Lp's product to go out. This could suggest that the shortage is not as bad as the market is making it out to be.
All of these stocks, ISH, META, XLY and more will bleed because nonody is buying while there is a shortage in retail and the people holding shares in this company are impulsive retail investors who are getting suckered in by the narrative and selling their positions out of fear.
The smart money will not put their bid in until the narravtive turns positive and we get a better idea of what the revenues will be in a Canadian disepsnary like a Spirirtleaf or a Newleaf.
Everyone be patient and buy at these great opportunities.