TSXV:EVE.H - Post by User
Comment by
BigBadWolverineon Feb 06, 2020 10:10pm
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Post# 30655337
RE:SUB .10c GET OUT GET OUT GET OUT
RE:SUB .10c GET OUT GET OUT GET OUTbullrun2020 wrote: PRICE COMPRESSION IN NEXT...BAD EARNINGS FROM SECTOR LEADERS..OVERSUPPLY...SECTOR IS COOKED! GET OUTTTT
I agree that the marijuana sector has a problem with too much supply from producers and not enough demand from customers.
When the Government got involved with trying to manage the MJ sector many of us predicted that the whole sector would face a supply/demand problem and we were right. When there is too much product flooding the market and not enough customers the newer and smaller producers will have a tough time making a profit. Today Aurora showed us that even large producers are having trouble making profits. Reaching profitability is going to be an uphill battle for EVE.
On a more positive note, a new market entrant can still succeed. The ball is in their court. Time will tell if they have what it takes to succeed. Time is running out so they need to get on it ASAP.