Time to Change the NarrativeI posted this on Reddit, I think it worth repeating here:
Perhaps it is time to change the narrative.
Simon Irwin’s observation about the vaping issues being overblown got about 20 comments, most of them sarcasm. The video of a guy eating mayonnaise sparked close to 100 comments...most of them sarcasm.
Is Reddit a place to discuss Weedstocks investments or, an echo chamber of despair as we endure six months of decreasing stock value?
The sector is weak, not just a single stock. Does it really matter APHA is losing marginally less percentage wise than ACB?
Right now anyone long on this sector is getting wiped out. In the meantime, it appears as though many of the MMs and institutional types are laughing all the way to the bank (wait a second, they are the bank) while we point fingers at one another’s chosen Weedstock.
I prefer to focus on the catalysts that might turn this around. Short term I believe there is potential for APHA to get DD, churn out a decent quarter between 140 and 150M, and announce some JVs to support Rec 2.0.
I hope WEED starts churning out some quality alcohol replacement products. I certainly hope the folks at Constellation can come up with a decent Scotch that does not leave me with a ripped liver.
What will turn ACB around?
As for the US MSOs, is there a better chance of the SAFE banking act passing the senate?
My point is this, if we continue to portray doom and gloom than we create a self fulfilling prophecy that plays right into the shorts gamebook.
How about we spend some time on what companies we expect to lead us out of this downturn and why we expect them to.