GREY:BHNGF - Post by User
Post by
geodcanon Nov 05, 2021 5:17pm
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Post# 34094352
In Jamie's recent
In Jamie's recentBenzinga pr she made a couple of comments about PBIC and I got that they gave her some advice or assurances. AION seems to have gathered a big black cloud over it recently and is probably dragging PBIC down.
I'm getting that PBIC doesn't want to take the wheel of BHNG but rather choose to be a major shareholder which would make sense if they are just a bunch of wealthy guys pooling up money and making investments and I'm guessing that there isn't a lot of marijuana know-how.
BHNG has come down to earth a lot amongst all of the other MSOs and LPs that are busy right sizing and re-evaluation.
One good product can make a company and a 10 plus year survival and about half of their skus surviving is more than a lot of the newcomers will ever be able to do.
A lot of the mega companies are trimming non-viable assets and purchasing better ones and I see money as being king. Heavy financial backing will help companies of potential to ride out the bloodbath that is coming imo.
Ontario who were strangled on licenses and outlets by government policy are now recognizing that the storefront market is saturated and I have long suspected the same for growers.
Government achieved their goal of keeping prices competitive, on par with the black market who will wind up giving way to value added companies that are gaining marketshare as the consumers that partake want better options than smoking and smokable stuff.
I just bet a whole bunch more of my dry powder that BHNG is going to be on the survival list and benefit my investment sometime in the future.
glta and dyodd