Friday, December 13, 2019 6:59:37 AM
The domination of 'pot socks' in that sector was a run of companies trying to grab as much of the market areas as possible and are now not profitable because of buying way overpriced operators, buildouts, 'door access' and are going to have some terrible write-downs for those assets- goodwill. Almost all the 'pot' leaders will not be profitable till 2022- and more dilutions of company values as to their stocks.
Operating profits are coming to the forefront of concerns for the Pot stocks...
meanwhile on the CBD side of Cannabis and Isolate and even 'syrup'/honey' production hasn't the mass employee to production cost or other expenses and taxations 'Pot" has.
Imo, inevitably the specializing in just a couple production items as Stillcanna is doing and leaving the 'shelf'/store responsibility/expense to resellers as much as possible is the way to go...
Those 'pot' stock leaders will do better simply buying produced product for markup, Isolate, than go further into debt as the CBD markets grow exponentially.
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