August 16, 2021

On Monday the S&P 500 gained another 0.3% while Toronto was down 0.2%.

After the close, Alcanna reported Q2 results. While Liquor operations were down modestly the company made a loss due to its Cannabis operations.  I had rated Alcanna a (lower) Sell in March. The reaction of analysts and the market tomorrow may indicate if I was on the right track. Possibly they will forgive the Cannabis losses as being basically start-up losses. But liquor profits will also be lower than previous due to divestitures of stores. 

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