Summer Months - Ramp UpI think everyone is looking at historical trends and thinks the summer months will be a slow downturn, but it'll probably turn around quickly, and soon. There are a lot of CPG companies that want to get in before edibles/beverages are available next year, and the market was just too jot to start 2019. They've all been waiting to make a deal, and the past two or so weeks have presented them with that opportunity.
They aren't dumb enough to think that we're going back down to December lows again, they just wanted this kind of pullback before making the dealer. I wouldn't be surprised if a couple of deals come before the end of the month (across the industry) and I suspect Organigram will be in one of those headlines.