RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming? Well this is true, but means very little to your point. When they went public is when they started going wrong. They added two stores that have never been profitable and continue to drain the company of resources over the past 6 years. Oakville was the only location that ever made money and has not been profitable as well over the last couple of years.
Why does any profitible private company go public? Growth, scale. Not to increase profit. Growth in this business isn't just stores although I would totally agree that long term that is the goal. OG has built out it's supply chain, online, branding. I can guarentee that there isn't a single person at OG right now thinking about profit. No chance. And that really isn't a problem. Unless you are a private company. This isn't.
> There are other companies in this niche space that have significantly stronger brands and better balance sheets.
I'm open to hearing more about Canadian companies that are in the same space and doing better. Would be a good comparison. OG has a market cap of 2.8 lol. It is TINY.