Post by
geodcan on Apr 03, 2020 8:31pm
Nothing but circumstances
which are very negative across the board for potpreneurs right now. Acreage management has made some drastic decisions to lean down and firm up the company. Executives leaving is a concern and the reasons are unclear. The latest one sounds forced. Marijuana companies are just not the priority for investors with Coronavirus crippling the markets. Markets hate uncertainty and even Warren Buffet is taking what he can get out of his airline stocks. Our world economy got caught with their pants down and the Russians and Arabs got into a pricewar with oil. Cheap oil is usually a good thing for economies but is just another nail in the coffin for North American Shale and Oil sands. As a company, Acreage is worth what investors are willing to pay and there is so much negative sentiment that it seems to be putting some investors into salvage mode to preserve capital. Selling begets selling and there are already actions being taken for insider dumping in other stocks. Coming out at the end of this intact is essential and marijuana sales are up with people staying at home. I mentioned before in some of my postings that 95% of greenrush companies are not going to survive but I still like what we are to Canopy and Constellation and the Big Picture scenario if we can achieve it. Lots of assets here and money in the bank which is better than a lot of potpreneurs. And we wait! glta and dyodd
Comment by
Ronsade on Apr 04, 2020 3:42pm
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