Post by
sthinei on Aug 19, 2021 1:30pm
Sector is not worth anything
Evidence of that? SUNDIAL has no debt and 1.3 billion in cash. (They would be better off investing that money in some crypto mining venture rather than plowing more money into this sector.) SNDL market cap is 1.4 billion. So market putting no value on the weak a$$ cannabis production operations. Sigh...
Everyone else also just keeps bleeding cash.
Comment by
bobus99 on Aug 19, 2021 2:16pm
this is true illicite cannabis market was able to make billions in profits for decade but the regulated one arent able too make a single penny even with state of the art massive scale farming and extreme low cost production unsure were all that money volatilize over the years but total losses from all cannabis industry is out of control