RE:FireAgreed jf, Moore/team are on the right track and appear to be not that far off guidance with sales starting to pick up in March and what should be a very good increase in FQ4/20, progressing into FY2021....most importantly cashed up to see the rump up to full production and full production will generate cash in the till.
ABC hit $1.80 today and there will be plenty of pain to come for many in the sector while FIRE starts getting the shelves stocked, FIRE does not have the issues that most have to contend with from here.
If they don't get on top of Corona we could see recession, with global trade weakening but the recession prattle in the US is mostly socialist propaganda from the far left Dems. We are already just about there here with the Teck deal cancelled pretty well ices that cake on our path to globalism and open borders....the brightside of the darkness of recession/ collapse is products like alcohol and cannabis do even better in times of crisis.
The Dow is well off it's lows as they may be closer to getting control of Corona and when they get on top of Corona the US ecomomy will drive markets to new highs again....here the goal is recession so we need the comfort of the FIREmenu. JMHO...Opt
jfogarty12 wrote: Exactly!
and that is why the NEW ceo is getting a grip on the costs
by cutting manpower and the completion of the bldg and rooms
"sunk" costs - maybe stop spending $$$ will help the
bottom line ...won't take long to tell ....the fact that the premium
quality stuff price per gram will have to be reduced to compete
will affect Revenues .... We will know a lot more in six months
In the meantime the word "recession" is starting to pop up
in the USA ...and everyone knows what that means for Canada