RE:Positive read..hope dead cat bouncesYes, this is a positive read.
But I think the number of recent articles including yesterday's re: Aphria and Aurora are even more positive for the likes of VIVO, EVE, ALEAFIA et al in that they appear to confirm a strong move toward industry consolidation.
The smaller companies with significant assets, sales niche, low production costs and reasonable capitalization should be in the sights of a number of "hunters".
This excerpt from one of yesterday's articles is absolutely right re; Industry direction:
"Takeaway
The key investor takeaway is the Canadian cannabis space has long needed consolidation.
Lots of questions exist on whether Aurora Cannabis and Aphria will ultimately make a deal, but the numbers clearly support a big rally on a merger with the listed synergies.
Investors should watch for consolidation in the space to generate value for the companies involved in non-cash deals."
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