RE:Hot House Growers VEG.unThe Canadian weed sector is 'struggling' - obvioulsy. Lots of reasons that have been discussed, many times.
In VFF's case though, Pure Sunfarms is one of the few cannabis LPs that showing a Net Profit - it's the produce side that was the drag last year, tomato disease and destroyed crops. VFF has been in the 'veggie' game for 30 years and generally operated at a break even or slight profit/loss.
I guess you're not aware that VFF still grows commercial produce - they never stopped - including the 5.5 million acres of greenhouse in Texas (ready to grow cannabis with legalization)
SO - if you want to be in the cannabis sector - I'd suggest you stay away from Canadian LPs - Hexo comes to mind as a clear example of a failing company - and go to U.S. vertically integrated MSOs. Sooner or later, cannabis laws will at the least be relaxed and if not a crazy boom - probably soem heavy gains.
malx1 - (1/27/2023 10:28:32 AM)
Hot House Growers VEG.un
These tomato farmers really got conned.
Used to be $10 before the banks got involved.
Maybe they will go back to growing veggies now that weed prices collapsed.
malx1 - (1/27/2023 10:28:32 AM)
Hot House Growers VEG.un
These tomato farmers really got conned.
Used to be $10 before the banks got involved.
Maybe they will go back to growing veggies now that weed prices collapsed.