this kind of sums it all upThe Financial Post reports in its Tuesday edition that investors searching for a bandage to stanch the bleeding in pot stocks are not going to find it in third-quarter earnings. A Bloomberg dispatch to the Post says that four of the largest Canadian pot companies by market value will report results for the quarter ended Sept. 30 this week and the expectations are low. This does not bode well for stock prices, which are already down nearly 60 per cent for the sector from recent highs in March. Investors are likely to focus on "timetables toward EBITDA profitability," which probably is not in the cards until 2020 or 2021, according to Bloomberg Intelligence analyst Kenneth Shea. (EBITDA is short for earnings before interest, taxes, depreciation and amortization.) Bank of Montreal analyst Tamy Chen expects industry-wide sales to Canada's provincial wholesalers to decline 20 per cent quarter-over-quarter amid a slow rollout of retail storefronts that has left them sitting on too much inventory.
And mmen with all its stores in Cali And Florida trading at year lows...........
The sector has been a disaster....................(over the last 6-12 months)
but if cool can show any kind of decent revenue going forward................(with its low float)..............acb has over a billion shares outstanding
You just never know ..................
GLTA