I love this stock, but it hasn't been performing as well as it should right now. The problem here is that there hasn't been a lot of volume moving, because everybody is holding for the something big to happen, predictably the Government's proposed legislation to legalise cannabis, and legalisation itself. That's when the sp will shoot upwards, and volume will be moving. Because of the lack of clarity on the timing of these things, a lot of investors are sitting on the sidelines waiting for things to happen before they act, like sheep they are, while predictable profits are staring them in the face. Savy investors look at business plans, pay attention to the news, and can easily see the obvious.
Here are the facts:
1. The Government of Canada is going to introduce legislation to legalise cannabis. Predictably, THC and every MMJ sp is going to shoot upwards, then hold steady, until 6 months before the proposed legalisation date, where is will steadily move upwards. It's very predictable, and there are only handful of times throughout the history of stock exchanges that things have been so predictable.
2. Cannabis will be legalised for recreational use in Canada, and will fall under a production regulatory regime headed by Health Canada.
3. The demand for cannabis is going to huge, the industry will be worth more than $22 BILLION every year.
THC Biomed has set itself up to becoming an integral part of meeting the public's demand for cannabis products. They are going to supply the hundreds of future LPs with clones; they are going to be testing hundreds of LPs harvests; they are going to supply a lot of cannabis products to the public, and their R&D is going to generate a lot of revenue.
They have a license for everything related to MMJ. Because of this, they are going to have many clients in their consulting services.
So yes, this is a undervalued stock. Should be selling for at least double right now, but people are sheep, and they will be herded in eventually. If you are not a sheep, buy this stock. It's selling for cheap, so you are getting a great deal.
