Skye Bioscience Inc (SKYE)

[Vinpat]

Even if the FDA changed their stance which I doubt, synthetic is cheaper to manufacture and much easier to achieve required purity standards. Having huge grows to meet drug demand is costly and risky. It's essentially medical marijuana with somewhat higher standards than what's currently available. There isn't much separation and there's a low barrier to entry. I just looked at one of the trials Tetra is doing which is trying to show that their drug can be safely smoked. Are you kidding me? Find me one FDA approved drug where the method of administration is smoking. They have a $100 million market cap? On what? It looks to me like they don't know what they are. Are they a medical marijuana company looking to be able to generate income in the short term without FDA approvals or are they a true biotech? If they're the latter then they are way behind Nemus and if they're wasting money on a drug that can be smoked then I'd run.

Nemus could have used the plant. They could grow all they wanted but they know it's not the future. I'd loosely compare it to heroin vs. the synthetic pain medications. Which one has more purity, more efficient dosing, which one does insurance cover and which one will doctors prescribe?