Getting Rid of Zombie Cannabis CompaniesOn a different note...
Analysts thought it would take another year for zombie cannabis stocks to disappear and leave more breathing room to viable companies like Nextleaf to expand. The storm we are going through will likely accelerate the process.
Brain-Dead Zombies like LABS have no viable technology, no plan and nowhere to go. There disappearance is long overdue.
Lunatic Zombies like Valens and Neptune were lured in chasing many mortals at the same time. They spent their energy in acquisitions, lofty international marketing plans that covid is crushing down, multiple half-baked product lines and still do not see the day they will turn a profit.
Self-Cannibal Zombies like Hexo and so many others have kept printing shares and borrowing their way ahead for the last several years. Now that they won't find new blood to sustain them, they have no future.
Sure Nextleaf is suffering from this same storm, but, in my opinion, it is very likely to be among the survivers who will thrive.