RE:OracleWe certainly had a sell off coming into the virus scare so some amount of rebound from that isn't surprising. Sales for MJ have ramped up and we have the rollout of edibles and drinks expected so that may be doubling up the optimism on the future of LPs. Ontario appears to be approving stores faster than expected. You would have to google that as i do not have the report right in front of me.
If the channels to market come online better than expected then revenues will increase and bring more optimism into the market on the future of the sector.
The early numbers from HEXO show a better than expected increase in sales so that was also a surprise to the market.
How high this goes for how long is anyones guess so calling the SP in the near term is pratically impossible.
Q
HARJAY wrote: Just wondering with this rebound from that $0.50 low in Hexo , do you think its upward rise is due to the mkts improving in gen. and the cannabis sector attrcting ttn. and HEXO particpating in that rise or is it because the mkt. realize that HEXO had been way oversold and is bringing its price up to a more approropriate level in accordance with its proper valuation in the the sector in comparison to the other major canabis co's out there. and what do you think is its proper valaution at the present in this gen. mkt and cannibis sector in particular in comparison to the other co's it competes with..
Thanks !!!
HARJAY