RE:RE:MAY NUMBERS ARE OUT!!! Sorry longs!!Bro I feel sorry for your financial losses but you really know nothing about weed and shouldn’t be invested in the sector. Sales is exactly the problem, there isn’t enough of them and no big MJ company has enough sales to generate a profit yet. The government does not set the price, they buy off producers and mark it up then sell to consumers.
The black market has 99% of the market share and will continue to until prices drop. I have yet to buy legal weed.
I recommend everyone to sell now and cut your losses. $5 is better than $4
silkroad007 wrote: Nice spin newbie. What we need to be concerend about is sales growth. Its' growing month over month. The price is set by the government so oversupply is not a pressure on the sales price. It will eventually if the black market takes the market share but thats not going to happen because its illegal. HOw much inventory of beer or spirits or cigarettes or pharma are there. No idea becasue it doesnt matter, its sales. Unless yoru trying to intimidate people here.
We need to be concerened with sales and HEXO portion of those sales.
If you are hoping to have a bottom fall out of the sector like its all going to the blackmarket and contradict every other established resource - keep dreaming.
Short away pigeon