RE:RE:RE:RE:Great CompanyYa I lost my shirt with chv. I was in 250,000 shares at .27 average, now it’s at .145. I really am thinking that the market is way too flooded with weed stocks. I found a list that had 96 companies. Acb claims they will have 500,000kg capacity, weed 700,000kg, aph 250,000kg, cronos 117,000kg, zena 460,000kg. That’s over 2 million kg just with those guys. Numbers show that the national average is 14% of people smoke weed, or only 4.3 mil people. 55% of those being daily or weekly 2.4mil. Let’s say this is low and bump it to 28% or 8.6mil, and of those, daily users to 4.8mil. If daily users were to smoke a gram a day (4.8mil), and the rest an average of a half gram a day (1.9mil) that’s 2.5mil kg only needed per year. Hexo will have 108,000kg, cann trust 100,000kg, organigram 112,000kg, Green organic 195,000kg, auxly 170,000kg. 86 listed companies left still growing. Then there’s the black market, and the private guys, oh, and home growers. Too many companies, too much weed, too high of valuations. F————-k, ah well, time to leave a few bucks in this sector then head over to lithium and solar. If Canada gets as cheap as the USA, and canopy is selling its full 500,000kg as 1/8 ozs for 15$, their revenue will only be 2.2bil which is a far cry from their current cap. Just food for thought.
sotypical wrote: BUT!!!!! Then I thought the same about XLY a year ago and bought 85000 shares and look at the mess that PO$ is in ;;Iam down 50K I doubt I will ever get my money back even]]]]]]]
sotypical wrote: So call me stupid or whatever but I like ZENA better than any out there Iam in at 50K shares ;;;;;;;;;; I see 10$ by fall assuming they do whats they claim there trying to ]]]]]]
sotypical wrote: ZenTune wrote: A great Company and management, I agree. Too many are panic selling as they can' be patient. Reward is there just hold tight and read press releases. A little DD goes a long way. A truly Great investment!
not sure its panic selling at all I think there were a lot of early investors that sold as price dropped also we trade in such small volumns its hard to gain momentem in this market environment