Market cautious after last 3 downgrade announcements, and the previous short term outlook raised concern of another possible downgrade due to high volume of blueberry yield in nsw/qld. Blueberry shelf prices have halved in my resident southern state supermarket this month. Quality is poor small sour berries. (not cgc branded tho). Hopefully market has already priced this expectation, and maybe higher volume may out weigh any price decrease to arrive at same forecast result. the company just needs to arrive at forecast expectation next announcement not below.
CGC Price at posting:
$3.53 Sentiment: Hold Disclosure: Held
