In Long Run, Everything is a Buy..!!First thing, Industry is great and its going to be CAD 100 Billion Industry by year 2027. That will translate push Zenabis Price to $5.00 atleast. So, prospectus of 4000% than today's price in long run. A good bet to play.
Myths:
1. Company is in cash crisis, but in reality only less than 10% companies can claim that they are not in cash crisis. Moreover, this is a growing company in a new industry.
2. Management is not good, It was a reality when share price was above $1.00, but at current levels NOT, because nobody sells companies like it at throw away prices. Yes, of course once share price go above $0.80 than this kind of speculation can start again.
3. Govt. will open more sources of revenue, and this industry could becoame a major one for Govt. Real problem is sales in this industry till now, as its a new industry, but think about 5-7 years from now, Just dividend of this company will give back what someone will invest today.
4. Share price is hard hit by sentiment, so whatt, this is the time to BUY. Only concern is "Going Concern" of this company, whether this company can survive for next two years. That much risk one has to take, if not than stay away from Markets..!!
5. Once it broke 0.17 decisively, it will be in range of 0.27-0.34 than 0.45-0.55... I am expecting a rate of 0.88 in this stock within a year..!!
Disclaimer: Everyone should take own decision or consult a professional before investing..!! I have expressed my opinion only, base for my own investment..!!