Personally I believe VFF to be very well positioned, in a strong position financially and their operational plans are on track for 2018 and 2019.
Short term VFF is in for a tough battle up, overall bulls seem to be exhausted and the bears have been exerting some serious selling pressure both on VFF as an individual stock and the Canadian cannabis market as a whole.
From a standpoint VFF has immense potential to retrace back to previous highs and maintain them, this would require the bulls to pick up steam.
I'm looking for industry wide catalysts and also VFF specific catalysts to move this stock. My time frame for the retracement back to $8.50+ is 2 months