Why is the share price stalled?US legalization will take a bit, so an announcement of a new CPG partner is likely what can get things moving in the near future in my opinion.
Q3 earnings should come out in the week of June 14-18, so in a month's time. The consensus per Zacks is net earnings of US $27,67 M and EPS of -.05 which sounds about right to me. In Canadian dollars that can be summed up as continued positive EBITDA, EPS also -.05 and net earnings of $33.42 M. Anything better than that would be very positive in light of net earnings per gram sold falling well under $2 for most major LPs that have recently reported.
Other than developments regading US legalization, Truss USA moving from 1 to 5 states should also be announced soon which will help. Personally, I find all news with respect to European sales very interesting and when the Zenabis deal closes, HEXO products also become exportable to the Euro zone and the UK, via Malta.