TSXV:NDVA.H - Post by User
Comment by
davgroon Nov 21, 2022 11:56pm
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Post# 35117560
RE:RE:Q3
RE:RE:Q3nedstar71 wrote: I didn't have high hopes but those results are far below even my expectations, and I would think everyone's. At least their cash level still seems ok.
Don't be so low energy Ned. JUST KIDDING (I couldn't resist).
You are absolutely right, Q3 revenue was disappointing but I am not surprised. Revenues are down among most Canadian LPs that have reported recently. With consumers tightening their wallets and cutting back on discretionary spending, due to higher interest rates, inflation and a looming recession, I don't see Q4 revenue being significantly better. JMO
NDVA will continue to be a long play and hopefully a near term buyout target as more consolidation occurs withing the sector. Changes in edible concentration regulations may help long term but I wouldn't expect that to be high on the federal government's priority list.