RE:RE:RE:RE:RE:Not doing it............ Financially OILS is heading towards profitability and still have a large chunk of their credit line available. They sell a discount/affordable product, they should see a move to their products rather than away with pocketbooks getting tight. Sin tax categories do well in downturns (if you have a well sorted business). Anyone selling oils and vapes as a "loss leader" is toast, there will be no PP's or financing to rescue them. That's more competition out of the way.
There's a bunch of cannabis co's who are only here in zombie mode thanks to CEWS floating them through the pandemic. Canopy took in more gov't money than they paid in excise taxes (Excise paid: $61.9M, CEWS received: $69.1M). CEWS distorted a cannabis industry that was clearly headed for a financial cleansing in 2020.
Speculative stocks are always the first to go in a downturn but balance sheet wise these guys should survive, even if it's by the skin of their teeth. (In my opinion)
Best of luck to anyone trying to short term trade this though. The market overall is gonna be a ride.