Replies to post #4124 on Halo Collective Inc (HCANF)

[Scumbag Fraudsters]

That was expected, at least by me.

Maybe the new round of COVID lockdowns will artificially inflate prices for a few more months, but the correction is coming.

Long ago I said that with the ever-expanding amount of pot being grown, prices had to eventually crash: Supply & demand.

Crackdowns on illegal grows, like the one in Antelope Valley in June, are a step toward helping sustain prices for legal growers, but law enforcement can't keep up with all the illicit grows run by foreigners.

The prices estimated in the Bar X PR were unrealistic for the future. They haven't yet begun dumping tons of plants into the market and prices are already crashing.

The current average wholesale price of outdoor cannabis is the U.S. is $835 per pound. LCNH anticipates that the cannabis grown at the Bar X Ranch should be sold at even higher prices, given the historical sale prices of GMH cannabis and GMH’s affiliations with Connected Cannabis.

[Scumbag Fraudsters]

If it's true that Emerald Triangle weed is virtually unsellable, then Halo's in deep shit because that's its most valuable asset now that all the foreign assets are being spun off.

Only legalization will ease the glut of cannabis in California. If Halo could ship Bar X pot to other states they'd be fine.

There's got to be some more M&A coming soon to Calif. with smaller grows being snatched up my MSOs.

Looks like Akanda stock will be a much better investment for the future and possible acquisition target.

Since Halo is such a clusterF, it's probably best to GTFO once a shareholder breaks even. I'm less than 2¢ away on my current holdings, though I'm sure my real PPS is much, much higher.