RE:RE:RE:This Company needs to name a CEOkingbear wrote: LOL, have you seen the movement of other Cannabis stocks these last weeks?? ACB is somehow touting 700,000KG of capacity and has seen their market cap increase by 2B in the last 2 weeks alone. VFF is on a 300% run and they have not sold any actual cannabis yet. CRON is trading at a 10B valuation on 4M sales. It's only Aphria that trades like total cr ap.
bionicjoe wrote: kingbear wrote: ASAP. The Sp will continue to dwindle in no man's land until they have a full C-Suite. All the big names are up 3%, Aphria can barely hold 1%. Aphria is down 4% since the Aphria One approval. This will continue until a new CEO is named. Not sure what Irwin and Jakob are thinking but still not one single interview since last Monday's news which is unbelievable.
I agree they need to put in place a CEO asap. But not just any plain old CEO but one that has exceptional international marketing skills and is comfortable doing interviews with the media. It's the last piece of unfinished business that needs to be taken care of from the days of the old regime. I'm not sure we can blame all of the modest sp movement on the issue of who is going to head this company for the immediate future. To me anyway it appears the market has gravitated to show me the money and less to bidding up a cannabis stock on sheer potential or on some unfounded rumor. It's only a few months that have passed since a lot of investors got burnt from trusting in the hype so the market might just be tempering its expectations when dealing with the cannabis stocks at this stage of their development.
You can't compare Cronus to Aphria. Cronus received a $2.4 billion transfusion from Altria thus doubling its sp while Aphria was subjected to a major short attack from which it hasn't completely recovered yet. With the Altria money the market considers Cronus de-risked to a large extent. ACB got a nice number 1 pick recommendation from a credible US cannabis analyst beating out Canopy Growth for her top spot. That and no disruption in the management team has been proven beneficial to the sp but it's still a matter of small gains in the sp rather than leaps and bounds. The same goes for all the other cannabis stocks as they are still far off their 52 week highs. Village Farms was never a big deal before but since they announced they are converting some of their vegetable acreage to cannabis production their stock has rocketed up in the last month. We'll have to see if it lasts as day traders can be a fussy lot. I can see the shorters eyeing the stock and rubbing their hands.