RE:RE:RE:it's early but only down .03 The problem is, these LPs came into a market where the competitors (black market/acmpr) have no or very lax laws unlike the LPs do and Canada cant change the laws more favourable to LPs as laws existed since 2001 and got litigated to have them the way they are currently. LPs only exist to combat the hole that was opened in the law with the acmprs, not to worry if their profitable or not. If you noticed the LPs were once only allowed to medically produce product, not recreationally. I think your right Jpm about, only the huge cash floats able to survive, if at all, but maybe that's not even enough cash in the bank as I don't think Canada will be able to sort the laws out through all the intense litigation their going through and have gone through for several and I mean several years to come. In the meantime LPs producing home grow type revenues, no investment firms will touch things things with a 10ft pole.. so let's see how long the cash actually lasts!
jpm59 wrote:
maritimedreamer wrote: well we gotta make up for yesterdays dismal showing..... but man o man how the cannabis bigs have fallen.... and hard.......
there was good interview this morning on BNN, an analyst from N.Y.,, The bigs fall due to over spending & too large of expansion. He felt WEED will be fine down the road because they still have $2b cash but will more restraint going forward & felt any small co. with approx. $50m MC will not survive. The companies that have financial control and able to capitolise on 2.0 & with more stores opening in Canada ,esp. Ont. will be just fine. I think Supreme will be a solid survivor, just have to ride the waves. There are so many BS companies out (mym etcetc..) that i wish would just get out the way,, jmo