Pax Labs Pax Labs
This deal will help 7Acres big time! BNN had a few minutes on this, the main talking point was the expected number of users that would gravitate to vape technology. Using US numbers they state that this segment of the market will be in the 30% range of ALL cannabis sales in Canada, 7Acres has great flower and will be creating premium products in other forms. Investors are taking notice, share price is up and we do need a good run.
After looking at inventory of all Canadian LP's, Fire has around 75 days of product OGI is about 180 days and WEED has 282 days of product in inventory, stockpiling is not a good sign even if the excuse is ''we are getting ready for October and our new lines of products'' I think that is BS, bad product does not find a buyer ...
7Acres hired hundreds of workers in 2018, they will be busy expanding this company's production, time to ramp up and make some big numbers.
Good Luck