Post by
Tradestay on May 17, 2024 1:27pm
Survival of the fittest, why cash matters
~50% of license holders have excuse tax arrears. In 2023 a large swat of license was either cancelled or about to be cancelled.
The acceleration of hardship on the ones using license because they are behind in excise tax, will also be due to high rates. High rates takes away leverage and for the to hold 8k as they could have in prior years.
I would not be suprise if by year end ~50% of cannabis license holders seize to exist, that will naturally put their market shares up for larger well capitalized companies like OGI.
The good thing about OGI is they understand the Canadian market challenges and building the companies to adjust to the taxes etc. Then they are going out and get international market share.
Things will move faster from here on out given us and internationally change of tone towards cannabis.