Are you new to the cannabis sector quinlashes?
Cannabis was legalized in 2018 - 5 years later, you think the 'Cannabis CEOs' are now developing business plans?
Your cult favorite Hexo was established in 2013 - and would have tod eclare bankruptcy if not for the Tilray acquisition (just like Hexo's acquisition - Zenabis did).
Your'patience' has resulted in Hexo showing a 99% loss in share price, at what point do you say to yourself...hmmmmm, maybe I should have tried something else.
One things for sure - Simple Simon is not being quiet because he's busy 'protecting margins' and 'producing strong positive results'
omment by
quinlashon Jun 01, 2023 5:13pm 68 Views
Post# 35475767
RE:Calling on Irwin Simon
Actually I think the Cannabis CEOs are doing just fine right now by staying fairly silent. I know that may not be want many want to hear however these companies are better off concentrating on increasing sales, reducing expenses, protecting margins and producing strong postive QTR reports.
Retail investors need to be patient while this takes place and let these teams build their business cases to attact larger institutional investors back to the sector.
Markets are not a sprint, they are a marathon... stay strong while the process works itself out.