RE:Shorts failed yesterday! We will smash 80 cents? I'm no short, but you honestly think this is a billion dollar company? Cmon now. Realistically if they can execute their plethora of 'plans' this is a 40 cent company at very best. You think 70% of a big facility makes this a unicorn? Look around at the market, juniors like EVE also have million square foot facilities (licensed) and are trading at a valuation of $50m. In case you havent realized, actually executing and navigating the waters has been majorly underestimated, and the fact that they have no experience actually selling product yet is a large downfall. Why are we not seeing sales of the CBD line like the lip balm and wolfpack cream? Why are we not seeing sales from AAA? Its concerning considering they keep releasing fluff to keep people interested yet cant seem to execute on anything. As seen with Aurora, hard assets arent worth much anymore in this industry.
I have a speculative position here, but judging from the way people talk on these forums and groups the longs here are all amature investors blinded by irrational hopes and bearing little fundamental knowledge on reality.
We now have convertible debt... Its not a print your equity money and dilute game anymore... The timer has started on actually making money and paying back the debt. Management needs to get their heads out of their proverbial rears and do something material instead of collecting shells by the beach.
Now 100% the fully invested longs are going to flip and give tens of reasons why this is a billion dollar company, but fact check... Hexo has a mkt cap of $527.2m , Ogranigram is $467.9m , HECK an MSO like Ianthus is $368.7m. All of which are much more advanced than AGRA, with actual experience, and far more fully funded. Do some actuall DD and compare relative companies and you'll see that without an RS this company will never trade higher than 40 cents.
Bash me all you want, but for the love of god be realistic.