GREY:ALEAF - Post by User
Comment by
Tan4646on Jan 01, 2022 3:09pm
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Post# 34276376
RE:RE:RE:Good article on weed industry in Canada
RE:RE:RE:Good article on weed industry in CanadaAgeed, the idea of decriminalization seemed noble enough but like alcohol and tobacco the various levels of government had to develop regulations and tax revenue schemes to make it socially and politically acceptable. In my opinion the convience of having a store down the block, with advice and variety of brands makes the overall industry viable over the long term. As mentioned how does the industry and gov find a price point and tax level that discourages the illict market. Until that point is discovered business models will have to be worked and reworked.
Can AH operate as a going concern for long given the realities it faces. Land and buildings have value but can equipment be sold or repurposed without massive impairment? I have no idea and it may not matter if lenders have leins on all of it. I long forward to seeing how the next quarter financials look. My postion is much smaller than it was when it ran to the 1.20's ealier this year.