RE:1.2 Billion (with a B) grams of pot in inventory...stock1829 wrote: As predicted - massive oversupply in the Canadian pot market. So much so that outdoor grower 48North is not planting this year - they couldn't sell last years crop!
Also as predicted - this new sector is smaller than the pet food industry in Canada. It won't be changing anytime soon. Our local pot retailer in a prime location opened 3 months ago and I have yet to see a customer in the parking lot. The future is here now and it's not good.
This bodes well for namaste or i should say cannmart... as Meni mentioned no sense being a producer in a saturated market. Anyone that knows the industry knows outdoor is junk to begin with.. the key to success will be craft specialized growers.. as producers slash prices to compete with each other, and look for other avenues to sell product..cannmart will benefit. ..Good info stock!