Falling Knife?APHA down +30% in less than 30 days. TLRY down +12% after hours today owing to poor financial results, dwindling cash reserve, necessity of taking 60m credit facility @ 8% interest, i.e., signalling weak finances, uncertain outlook andaccompanying risk).
https://www.bloomberg.com/news/articles/2020-03-02/tilray-shares-tumble-after-pot-firm-misses-on-revenue-and-ebitda
ACB trading down to 1.34 (usd) and will be delisted from NYSE unless they reverse split shares. Likewise HEXO, also on NYSE, trading at 1.11 (usd).
As more competitors implode, investors will reallocate funds to the strongest players. WEED? Maybe. Deep pockets but still swimming deep under water. CRON? Also maybe. Also deep pockets. Recently filed delay to release Q4 and full year earnings. Delays are never a sign of strength. Would expect sp haircut upon release. OGI? The only LP with consistently positive Q results. Not one of the big boys but as more big boys fall, I would expect OGI to get more notice as investors dump losers and seek out winners.