GREY:ALEAF - Post by User
Comment by
sthineion Apr 07, 2021 4:45pm
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Post# 32951351
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That is the most idiotic thing I have heard from someone that appears to have some intelligence. Who are you Rumplestilskin weaving straw into Gold. You are trying to spin the fact that they sold bulk wholesale weed for .48/gram into a positive story? And what did they sell it for last year same qtr? And why did they take an inventory wiritedown? Come on man.
Yeah sure it cost them .10 to produce but last year they were selling over $2 a gram and there is still a shitload of outdoor grow ops out there. Hell if you knew and expected they were going to be selling at .48/gram and you are so smart why weren't you mentioning 2 months ago?
I was concerned about the pricing pressure and posted here re what others were seling wholesale at, what Benic said last CC and what Cronos stated about the dropping price for wholesale weed.
Those numbers suck. Bottom line. Those are disappointing prices and most should be surprised by the size of the yoy decline. There is a reason why Aleaf is one of the worst performing stocks in the sector in the last year and this is partially it.
What you think ALEAF has such deep pockets they going to race everyone down to the bootom of the barrrel and run them out of bisiness?