Worried About Bankruptcies? Avoid This Surprising Sector

If you’re worried about bankruptcies, be sure to avoid cinemas, cannabis, and grocery retail. “Whoa, whoa, whoa,” some of you may think. “Grocery retail is in the same bucket as movie theatre and cannabis businesses?” Anyone who has read any of my previous work over the past couple of years knows my thoughts on the long-term future of the mass…

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HEXO Stock: A Warning on Potential Bankruptcy?

Investors in marijuana firm HEXO (TSX:HEXO)(NYSE:HEXO) stock received the shock of their lives early morning Tuesday when the company discussed the “ultimate” Going Concern reporting concept in its latest news release. Before getting to the sacred accounting concept, which usually comes up when discussing potential bankruptcy, here are the mildly concerning issues in the company’s news release on Tuesday. An…

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We’re Months Away From Bankruptcies in the Cannabis Sector

In early 2019, if someone were to suggest that by the end of 2020, we’d start seeing bankruptcies in Canada’s cannabis sector, you would most certainly have concluded they were smoking something. Here we are a year later, and these concerns don’t seem so far-fetched. Cannabis companies have exhibited a general lack of fiscal prudence over the past year. Examples…

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