RE:RE:RE:RE:RE:Shorts failed yesterday! Thanks Moonshiner, I did own eve, waited for the bounce from the license, and got the fk out... I took half of it and invested in gold companies and took half and invested here... That being said I watched as I thought a bottom was formed and was suprised as it blew through that... Like I said, its not a big position, 4500 shares... Peanuts. But as one has learnt in this industry, you dont dive in feet first.
I realize its come off a high of 80 cents... The same over hyped high that companies have fallen from grace on... The same high that brought $200 Tilray to $16... The same high that brought Aleafia from $4.50 to 50 cents. Agra is not alone in this. You're all hoping for a turn around in the industry based on hope and dreams and speculation... Fact of the matter is the market just wont support more than a handfull of companies in this space. I've done more than enough DD to understand that. Aleafia has 83 in working and restricted capital that is enough to last them 3 years at their current burn rate without having to go back to the market for money. They're saavy, and watching the mistakes others make and steering the ship away from that... They have one of the biggest extraction facilities in Canada and now have over 3.8 million square feet of outdoor grow space to grow extractable product, and of the 3 Canadian companies to grow outdoor this year, we're the best by far boasting a CPG of 0.10. Aside from that they have one of the highest sales prices per gram in the industry at $15 cause they extract most of what they grow, and have signed white label deals with companies in europe and australia. I've done plenty of DD. Every single one of the big players that raced to scale, wish they scaled to race... Their kicking themselves in the rear for blowing all that CAPEX on building facilities and laying off employees hoping the Ontario retail will be the saving grace... All the while writing down millions and millions in biological assets while the price per gram falls,