DominoesThe Dominoes are starting to fall. With oversupply, over regulation, slow roll out, back log of Health Canada how does any company that isnt backed by billions of $ eg WEED,CRON etc expect to make it ? What good is a 2.2 mill sq ft facility that isnt even licensed yet when there is a glut of cannabis in the market that Hexo and other companies are practically giving away ? If AGRA gets licensed it will be min 4 - 6 months to grow a crop.They wont have a sales license so that could be another couple years. All this time with no money coming in yet spending and diluting like a drunken sailor. How does this company stay afloat ?
Look at ATT Abattis here is a link to their last news release. They are getting out of Cannabis because they can not compete. Hoewelings should go back to tomatoes .
https://abattis.com/2019/11/08/abattis-provides-update-on-trading-halt-and-corporate-developments/