RE:Prediction by April 2021LTStrategy wrote: I would be curious to get a general sentiment as it relates to where some folks think the valuation can be by April 2021.
As it stands, valuation has tremendous negative sentiment associated to this stock, when sentiment shifts, which i think will at the next earning release, this stock can really take off and it could become the beginning of a new positive trend for a very long time. They have clearly been gaining market share over Canopy and Aurora. In my opinion, this is not factored into the stock valuation yet. They are releasing products that quickly become top sellers in their categories. I've been monitoring sales of their drinks in Quebec, they are dominating in the range of over 70% market share if not more in that category in Quebec. This data won't come out in Q1 earnings which will great more positive pressure on valuation. Then there is the slew of Eastern US states looking to legalise in Nov combined with Truss's entrance into the US which will create more positive momentum. Factor in 1 or 2 other surprise announcement to this proof of capability to execute turning sentiment from negative to positive..... what range of valuation can we expect by April 2021! Am I seeing the world through rosy coloured glasses thinking this could be at $5 per share? That is on $2.5B valuation, to me that sounds quite realistic. Do others feel the same or do you think I'm crazy?
Your Not Crazy.....neither are All the Hexo Longs!:)