Ontario is more than another vape and oil marketOntario is some 40 % of the cannabis market, which means it will pretty much double the playing field for Netxleaf. It will nevertheless take months before we can see increased numbers in backward-looking quarterly reports.
But, in the immediate, Ontario is more than another oil and vape market, as Paul clearly stated in an interview.
As our presence in Ontario will start to be felt in quality and market share it will also be noticed by Bay Street institutional investors. This is key.
As the start-up company it still is, Nextleaf stock is held by the initial founders and family, but in a proportion of about only 30%. In other words, Nextleaf is not "tightly held", which explains the great volatility in the stock price. Long-term institutional holders could change that. These people tend to see things from their office windows on Bay Street and BC seems far, far away. Hope that today's news will change that.