All MJ stocks are green today.. .. EXCEPT - Guess?
That's right, this turd VIVO.
All you guys keep stating it'll run, but none of you have ever give a real reason as to why would it would.
Let's look at some facts about the Canadian MJ sector:
- Within as little as 2 years, there will only be a handful of big players left in this sector. APHA, ACB, WEED, etc. are all gearing towards this direction and will run up within this period due to speculation. VIVO is NOT one of these Co's, they're small time and will remain small time with the given management. They're a mom and pop store vs Walmart.
- The other MJ stocks that'll run will run on speculation of buy-out, and only IF they offer something that requires a buy-out. HEXO fits this bill with their QC contract and their JV with Coors. VIVO has NOTHING proprietary to offer a buyer - Why would you buy out a Co that doesn't have any exclusive contracts or rights when you can just crush them?
Seriously, can ANYONE here explain to me what VIVO has that would make them a buy-out?
The only provincial deals they have are with provinces that already have deals with the big boys, their marketing team sucks so they don't have any brand recognition (still too early for that anyway), they don't have exclusive patents, trademarks, growing/processing techniques, or contracts, no JV's, nothing.
$10M in sales this quarter? That's a joke. The first day of legalization in QC saw over $3M in sales - THATS IN ONE DAY.
Oh, and TGOD, which essentially has zero sales, is up over 5% today.... Let that sink in.