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In fact, the data reported by federal licence holders and provincial and territorial public bodies via the national Cannabis Tracking System indicate that total inventories of cannabis far exceed reported sales,” wrote Tammy Jarbeau, a spokeswoman for Health Canada
What do you think about this?
What percentage of the overall licesed growing space in Canada is in production at this point? My guess is somewhere between 20 and 40%.
In fact, the data reported by federal licence holders and provincial and territorial public bodies via the national Cannabis Tracking System indicate that total inventories of cannabis far exceed reported sales,” wrote Tammy Jarbeau, a spokeswoman for Health Canada
FAR EXCEED REPORTED SALES
In fact, the data reported by federal licence holders and provincial and territorial public bodies via the national Cannabis Tracking System indicate that total inventories of cannabis far exceed reported sales,” wrote Tammy Jarbeau, a spokeswoman for Health Canada
Acb produced 19000kg and sold 9000kg
Most companies haven't even started growing yet.
I read that the legal market made up 20% of the overall sales because the black market is 40% cheaper
The price has to fall and it will tank just like Oregon did. It all comes down to supply and demand.
International was 7% of sales last quarter.
It's the future of pot
Of course it does
Oregon created to much supply just like Canada is doing
It is simple supply and demand.
Look at Oregon $6 a eighth. Huge over supply, prices will hit the floor. Good bye to all the ideas of 100 a share. My guess is if the us doesn't legalize soon enough Aurora could go out of business. Cron and canopy have enough money to ride out the coming storm. It will be interesting to see how this all unfolds. Way over priced is a understatement.
The real question is... when to buy in for the edible run up. Then of course sell before the epic collapse in share price a few years off.
The company has never profited. So some shares where for operations. How could the shares not have been?
Sure
Huge losses
How much revenue does this company have?
Will they have to wholesale some of their production in Nevada or can the Reno store sell it all?
Me too kind of only because I have money in cwbhf and there all tied together. Looking g at Oregon's market I don't see how they can't be overvalued.
Still wondering g what cgc paid in goodwill
I think every pot stock is way overvalued and will all be trading lower
Look at how many billions acb paid for good will 3.4 billion ish .. do you know what cgc paid for good will?
77 billion dollar market cap lol
I didnt mean to send that. I think it is a possibility though.
I see this out of business in 10 years.
Does trtc still hold the 2 grow permits in Nevada? The ones Derrick said in a conference call would be operational in 2017. Lmao 2019 nothing. Derick lies. He said in a conference call around June 2016 the grow site would be coming online around January 2017. How could he say that if construction wasn't started at the time of the call. That statement makes it hard for me to believe anything Derrick says. Enjoy the new permits.
By years end lets see how many new operations are running and how many old operations have been sold off.
Cost per gram way to high
If it was that easy people would not be paying that much. Think about it.
There selling everything. Got to keep the lights on. High cost Oakland grows. Who cares about cheap agriculture.
There selling weed in Oregon at roughly the same price acb produces at.
RAND researchers calculated that 90% of the prohibition price of pot could be attributed to the so-called “risk premium”— the extra amount shoppers pay to cover the risk of arrest, fines, and prison for growers, distributors, and sellers.
https://www.leafly.com/news/strains-products/portlands-6-eighth-ounces-are-the-future-of-cannabis
Time to take profits
I sold at cgc 53.00 us waiting for the teens to get more.
Acb, tillrsy , cgc , cron. Apha, I wonder how many will be in business in 10 years.
There is a major over supply on the not so distant future. They sold 9,000 kg but are on pace to produce 1,000,000 kg a year.
You like hearing the word if? If this... if that that's all I heard. If if if.... the Ifs of the past keep me from caring about future Ifs.
Yup, more shares outstanding and a lower share price.
As the share price drops the shares outstanding really start to fly.
Its trading a few pennies off the 52 week low. Nice work sigo
Just keeps going lower. Lol. Shit company
I think you should double down. Gamble gamble
Lol. Your to funny. I wonder what will be the next asset on the chopping block?
Read the financials the money they get in the 8 tranches is not more then the operating loss. There for money has to come from somewhere else on this case it was a Nevada dispensary.
When you buy Oakland from insiders......
Quarterly losses. Or keeping the lights on
Lol trtc has failed and will keep failing.
They are terrible
How long did u have to wait?