The entire weed sector is a bust. 📉🐻 More than 3 years after legalization and every major Canadian player continues to see bigger losses and declining revenues. The assumption that US legalization is the ticket out of this glut assumes that Canadian companies will dominate the American market which simply will NOT be the case. Major American MSOs already exist, will continue to emerge, and export dreams will quickly dissipate.
Sorry to say but if you think consolidation is finished, you couldn't be more wrong. Not many of today's players will survive the weather, and HEXO is without a doubt one of those CannTrust-style "could have been better" stocks.
GLTA — you'll need it.