RE:RE:RE:Newbie question For longs only If they bought stock today, they would be buying at $0.95 not $1.09. $1.09 is only what they would get in March if today's price of Alefia holds. One can safely assume that Alefia stock will continue to go down, as will the industry, and that it woudl be even cheaper than $1.09 once converted.
Market Concerns: (1) Legalization has not helped sales due to lack of supply, lack of licenses being issued (25 in Ontario and only 5 for GTA), and they haven't created regulations for edibles and extracts yet (restricting their sale in legal storefronts for recreational users). (2) Sales will not be near forecast for Canada, similar to U.S. States when certain states legalized it. (3) Overvalued companies will shrink and hope to be acquired.
This is a long game! You need to find a company that has a sustainable strategy (suppliers, products, distributors, client base of both: medical and non-medical users, capital to support its structure, R&D and growth (to create greenhouses to develop more supply). I think the top 5 players will do well, everyone else was just speculation.
LarryCurlyandMo wrote: I would suspect they're using their cash reserves to buy every available stock they can. Why pay $1.22 in March when they can purchase it for $1.09 today.