RE:IMO
Tastic wrote: I’ve been reading this board for months without commenting. I just want to say a few words and this is just my humble option.
The bump today is because Ontario will be loosening regulations around store fronts. This is going to be an extremely positive thing for pot stocks as Ontario is the most populated province on Canada. I am expecting to see 100’s of cannabis store fronts opening in 2020. This will finally give leverage to the legal producers can claim market share back from the black market. The easier it is available to access the product the less people will rely on Smith the Dealer. This will also assist in getting rid of the oversupply problem.
Cannabis 2.0 is coming into effect and will boost some interest in the market. The size of the market is unknown at this point but it would be arrogant to say that this is an insignificant income stream source for all cannabis companies.
Now specific to HVT, lots of hate on Grant. Granted his yearly compensation is large compared to the size of the company. However, Grant has done more for this company than anyone else. The acquisitions were a good move because it brought income sources into the company. His ability to connect these products to his distribution network and making government supply contracts with each province is exactly what this company needed in order for it to succeed. So, you have to ask yourself, is Grant worth the money? - - I’d argue, yes. You get what you pay for and he is giving this company a good shot at success.
The expenses they are currently running are necessary for growth. They will begin to cut back costs in 2020.
Grant is a clown. Have you forgotten the bread pricing scandal at Loblaws? He is far from being worth his compensation here but to each his own.
The rest of your post is sensible enough but I disagree outfits like this are viable. They can cut expenses but they need to get their revenue up because the days of borrowing are over for this sector beyond share issuance and death spiral convertibles.