TSXV:NDVA.H - Post Discussion
Post by
Duster340 on Nov 20, 2022 10:05am
comments from low energy nedstar:
Not enough volume to take anything from it, $13,000 total. I don't expect it to react more than 1.5 cents either up or down on earnings anyway, unless they completely blow the roof off, which imo is unlikely. QCINDIVALUVIN wrote:Q3 has to be between 12-14 and Q4 15-17
I think you are setting yourself up for disappointment. Q3 had challenges with the OCS and in BC and for Q4 you think is going to double Q2 revenue? No way. And Duster I wouldn't put too much emphasis on insider activity predicting results here. Insider ownership is already high, not to mention that with such a low volume stock, buying after the quarter end would stick out like a sore thumb for being not above board. QCINDIVALUVIN wrote:Gron gummies are already in the top 5 in Ontario after just being launched recently. Our market share will climb back up in an instant.
Judging by the OCS's "Best Selling Edibles" tab that lists the top 12 selling edibles in August, they need to be. Indiva only had 2 products, one Wana and one Bhang. Pocket Fives (Dynaleo) and Shred'Ems (Organigram) each had 3. Price is clearly becoming a factor. Pocket Five's $3.95 gummies or Wana at more than twice that price? This was bound to happen and the race to the bottom is beginning. Gron Pearls should help though with their price point being far lower than Wana, added to it being a new product that people want to try is giving it a good debut. This will also further cannabalize Wana sales though so keep that in mind. Either way best to have less reliance on Wana going forward given they may lose the brand entirely. Duster340Writes: hey nedstar we do not need your negativity here, you are always bashing the stock go away.
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