TSXV:NDVA.H - Post by User
Post by
davgroon Mar 29, 2023 3:08pm
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Post# 35367552
NDVA Hits Another 52-Week Low of C$ 0.07
NDVA Hits Another 52-Week Low of C$ 0.07It looks like the whole cannabis sector is setting new 52-week lows every week and NDVA is not immune from the carnage. There is little optimism in the sector as LPs continue to report lower revenue quarter after quarter and zero profit. Regulatory changes are not on politicians minds as the federal government is more concerned about the economy and avoifding a non-confidence vote by keeping the NDP happy.
In advance of the upcoming Indiva Investor Events Neil states;
"During the pandemic and post pandemic, we’ve all been finding our way navigating these challenging markets – I’m confident Indiva Stock will get back to where it should be once the market-industry recognizes the continued growth and remaining opportunity Indiva brings to consumers and its shareholders!"
It will be interesting to see if the 2022 Q4 financial results reflect his optimism or whether the current share price has priced in disappointing or stagnant Q4 revenue. I am still not an NDVA buyer until the results are released in April.