Free55dom wrote: Well, we know you don't have any shares to sell.
Maybe 25 stores is good, that way as more stores come on line the will be able to accomadate edebles & drinks, we will have a better understanding of what will be needed in terms of size and equipment.
As far as home delivery, you can order LCBO or BEER product online with dilivery within an hour,
what makes you think after April, the same concept will be starting with cannabis. It's called growing pains.
starsearcher40 wrote: It's going to be difficult to gauge the impact of municipalities rejecting storefronts, as this story is still developing. I've thought about it, and I think this story is going to gain traction whereby there are going to be a lot more places that will be rejecting, which is not good for the overall picture. That Ontario is now limiting to 25 stores is unfortunate icing on a developing bad cake.
Of course, there is online sales. Personally, I'm still not convinced on this front either. I go back to what one of my son's friend said (he's a little sketchy....nice kid still trying to find his way in the world, but a good honest source.) . As he said: "If I want a pizza, I want a pizza NOW...not in three days." Well, I caught up with him again, now several months after legalization, and asked him if his opinion had changed. "I actually tried the online thing just cuz my buddies and I wanted to try for the novelty. One and done. To us, it's a joke." Essentially, he was saying that his "normal channels" were far more accessible, and cheaper. (Of course, this is far from any sample size or scientific. But it does provide a good read. It reminds me of the person who used to invest by going to the mall and seeing what stores had the biggest lineups.. Again, not scientific by any stretch, but valuable all the same.)
We all thought the road to legalization was going to be the bumpy portion, with blue sky after. Well as it is turning out, there's a helluva bumpy road developing now right before our eyes. Ultimately down the road a couple of years, this will smooth out. Right now, it's a growing problem that was unanticipated.
As for the market, negative surprises are never celebrated. Some selling happens on the facts of the matter. More selling though typically happens on uncertainty or fear of the unknown. It will be interesting to see how this plays out. Short term/medium term it will have impact. Long term, probably irrelevant.