RE:RE:Labs Sock Price??The sector as a whole is declining, expect more red this week...just hope Canopy has decent earnings otherwise we are may see $3s again (I hope not).
One big factor is the deals labs has in place are with MJ companies that are not performing, a couple of which are running out of cash, I think that could be a concern for investors and institutions. Maybe contracts get cancelled...
If labs can continue strong earnings and land deals with companies that want to produce products that contain oils (soaps, drinks, scents, whatever) then we should be good.
We will need the sector to produce 2-3 good quarter results before the sector turns around. As for labs, probably will float between $4-5 for awhile. On the bright side, many people are buying it today..