RE:RE:RE:UranusDid you not read my whole post. Have you not been following what I have been saying for the last two years and since the merger. The bear markets is not the reason for the collapse in the Cannabis sector, it just made it worse in terms of financing and debts. But the root of the problem is, the whole sector is full of shady characters and hustlers that are running these companies. Just look at how much corruption there have been in the sector since it was legalized. They all collude and work together behind the scene to fleece investors. Continously paying ridiculous premium to takeover worthless and bankrupt companies or some shady swamp land. Then managements and the board approves and gives themselves huge compensation and bonuses. All these CEO's needs to go. The whole sector needs a fresh new start. Not one of these CEO's cares about the company or investors, only thing they care about is lining their own pockets. Just look at how ridiculous the compensation are and have been for the last 4 years for the Cannabis CEO's. Thats one of the main reason in my opinion, even if U.S. legalization have went through, the fleecing would have just been worse and on a much bigger scale. I am just talking about the Canadian companies, if you look at the U.S. Cannabis sector, it is much better and less corruptions. Hopefully they will clean it up here eventually. Cheers. Anyways, just my opinion.
Rotaluceps wrote: BudFoxx2020 wrote: Lol good to see you and Vinny still around. Been rough in the cannabis sector. I feel this is the final year of pain in the sector. There will be one last fleecing of the investors, then I expect some type of intervention to clean up the sector. It's been too corrupt and too many investors have been fleeced hard. I do believe Tilray will be one of the few that will be around. They just need to get rid of Irwin, management and the board. Bring in new leadership. Anyways my advise have always been be patient. Once the bear market passes, then it will be back to good times. Now we just need wait it out. Good luck. Cheers. Have a good long weekend all.
Bear market or not, the companies didn't deliver because of the competition. Their poor or declining revenue, debt etc are the reasons why their shares price are so low. Is it a little worse because of the bear market, maybe but it wouldn't change a lot.