RE:RE:ScotiabankWe've all been through this a few times. But the following is true:
1). Bought Deal was poorly done and upset a lot of people off. That's probably behind us now but when the stock is $7.2 and you do a BD at $5.55 it is $&#@. However, long term they've got cash and solid foundation to build on.
2). Overall MJ market is going down again, summer is always slow but with edibles coming in the near future I suspect we see new highs for a lot of names. Canntrust didn't help but neither did Aphria, LHS or any others that caused the overall market to drop and everyone recovered nicely.
3). Revenue to Market Cap LABs is the easiest to justify. Way under valued compared to many others out there today.
The biggest 'x' factor for me on the downside is the concern that SPY, DOW, TSX are all on fire...what are the prices for MJ once they start to cool off...that part is scary. MJ has recovered 3 or 4 times but if the market shows any sign of recession the sell off will be much worse. Fingers crossed we make it to October without a global economic downfall.