GREY:INSHF - Post by User
Post by
mtd121215on Aug 07, 2020 9:42pm
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Post# 31381831
Think about it...
Think about it...Who is going to be the next Tim Hortons or Starbucks of cannabis or will it just be government controlled?
Alcohol in Ontario is government controlled because it causes short-term impairment. Provincially, the Ontario market is the most important becuse of its population.
The level of uncertainty in how cannabis will be distributed to the public is still very high and it's unrelaistic to think that any one of these pot retailers will be successfull in the the long term.
I bet in the future that cannabis in Ontario will be sold in an OCS store just like alcohol is sold in an LCBO. I bet that the name of the store is even OCS.
Convenience and grocery stores will likely be apart of selling cannbis in the future.
But if you think that cannabis in a few years time will be sold out of a Spiritleaf, Meta, High Tide, One Plant or Fire and Flower retail store than any stock you buy in any of these companies would be the riskiest position in your portfolio.
All this talk about customer and store count coupled with revenues increasing or decresing does not hide the fact that Cannabis impaires people and the government will take control of the POS process.
I suspect that in a few years time all the retailers will be doen and de-listed. Insider will be rich on the backs of the retail investor but hey, welcome to Euphoria at the end of another Bull Market in equities.
Game over rover.