GREY:INSHF - Post by User
Comment by
StSebastianon Dec 07, 2019 11:04am
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Post# 30432008
RE:RE:RE:RE:More stores
RE:RE:RE:RE:More stores your point would be all well and fine however as a response I would say META had a high of $1 something, now at 0.2 something, HEXO had a $11+ high, now what, sub $2... I can go on and on, Candian, US, Retail, LP, Extraction... 99% all in the same shoes so I don't see your argument. Got some bad news, it's tax loss season so they are all going to go down more until January 2020, then it's anyones guess what will and when will the sector around
Scumbaggery wrote:
That's all well and fine but clearly you are trying very hard to distract from the fact that this stock has totally tanked out over the past few months from being over $.30 to flirting with sub dime prices today. You obviously prefer not to address this and focus on how many stores they are opening in an already saturated Alberta market. It seems to me that management here is more focused on trying to raise cash through these franchise openings while ignoring the fact that more than half of these outlets will likely go bankrupt within a year or two and therefore as a sustainable business they have questionable viability. Add to the fact there is a glut on the market already of pot which is rotting away or being sold for much less which also calls into question the viability of ISH let alone the various LP's taking a beating for much the same reason. I'm sorry but I don't think pumping a stock that has lost more than 2/3 of its value in the face of the headwinds this entire sector faces is even remotely realistic. The smart money has bailed from these companies long ago and with financing becoming even harder to come by this time next year is going to look much different than today with many of these outfits out of business.