GREY:ALEAF - Post by User
Comment by
ShakngMyHead00on May 01, 2021 5:44pm
55 Views
Post# 33109165
RE:RE:Stocktracker
RE:RE:Stocktracker stocktracker101 wrote: sthinei, the price of flower keeps dropping with all of the over supply coming online and I'm glad aleafia is seeing this and pivoted to rec / med / export. Its not Aleafia's fault the wholesale price drops and changes so quickly. Supply and demand. Wholesale is a race to the bottom and not a very profitable space. It's farming....... Unless they get govt subsidies farmers go broke. Regardless, you should've picked this up on the FV of inventory sold writedown on q4 earnings. They didn't celebrate it, but the info is all there. Headlines don't mean anything in this sector anymore. Financials, sales and profits only. PS. I'm still hoping they will have some export sales to beef up q1 earnings.