As far as I can tell -- and someone pls
correct me if I'm wrong -- KAYS is the only publicly traded, purely recreational MJ company, right?
If so, it would seem there is a limit to how "out of favor" it can get. If you want a pure rec play, you can't go anywhere else. I've always felt that should, rationally, put a floor under the stock price.
price is not much different now than it was before market knew the company owned 26 acres of land, which iit will attempt to use to complete its long planned seed to sale model. And the timing couldn't be better. This is happening just as it is, at long last, about to reach the point where it can operate 4 rec stores (plus delivery, which if well managed can be a huge profit center)
Market hasn't given any real value to the above new info. I don't agree. Just the fact that people with access to the company's books (lenders) are risking capital on the land purchase improves the risk / reward at same approximate price, seems to me.
I've been accumulating some shares at this .15 level