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Nice pop and fall. It’s not the right time yet for a big boom.
When a little hiccup comes you just need to burp it out and keep going down.
Amazon 1500$ by Christmas.
Better sell to cover your second mortgage you took out buying this overpriced stock. P/E 146x LOL!
Even if they get back to 10 million in rev a year there COGS will hold them down. PHOT does not have very good bargaining power with their suppliers, spread is S***.
I wouldn’t touch you with a ten and half foot pole.... Mr grinch
The bull is over. Not a trillion dollar bizz! Load up shorts
Not a trillion dollar company lol.. this will be $800 after the next recession. Ill buy then
From someone who has played this stock from 2014.... Put your money in one of the bigger MJ stocks. This is dropping until early 2019.
Lots of money flowing out. Good choice.
If you haven’t looked at the Reverse split agreement let me sum it up for you. Your shares will 100% be worth-less after the split. Stock will go up 100-150x and shares out standing will only be reduced by 50-100x. Devaluation at its finest. Like I said. Wait for a $5m mkt cap for this.
Big big drop tomorrow.
.009 by next Friday. Going to stop watching now.
How does PHOT continue to get money to operate? There is literally no assets in this thing to reimburse all the debt load.
That leg up was the smallest we’ve seen in the last year on a long leg down. Under a penny within 2 weeks.
FSD or Canopy?
It’s broken every low in the last 8 months. We’re heading lower guys.
I told you! Waiting for $5mm mkt cap
Wait till $5mm market cap to buy in!
Marco sold shares at .015$ a few months back. What does that tell you!!
Sky fall from James Bond.
Small leg up on a big leg down.
This company is worth 5 million bucks (On a good day). And I won’t be buying their shares until the market cap reflects true value here. 2019 will be a do or die for PHOT because the well is starting to dry for eveyone.
Canopy will probably supply Second Cup SCU.TO there marijuana in their stores. Do I hear a coffee infused with marijuana?
It’s time to leave Canopy and get into these medical marijuana stocks because Canopy will end up buying into them. ALEF.V, NINE.V, and TER.V
ALEF and PHOT should start a distribution joint partnership.
Canopy will buy ALEF!!
Financing from FW.V? I think a lot of marijuana startups in North America will be funded by flow capital. They already own 8% of ISH!! Inner spirit
Lol. So what if the CDN gov blocks this? I think every pot head forgot it’s still pending.
Your welcome PHOTHEADS $FW.V. Oh hey maybe they’ll give funding for PHOT. That makes this post relative right?
20$ by next week? Who wants to wager?
Holy F it is tanking.
The banks are playing this down. They want cheaper shares lol. And the Goldman analyst that said that all growth was priced in doesn’t know what he’s talking about. Did any investors price in growth for NFLX, AAPL, or even TSLA when it started? Don’t be a sheep be a Bull.
Can all the idiots selling this just leave already LOL.
For those who read my post yesterday. Revenue came in above expectations. They will hit $4m in sales this year. But what you should be looking at is this grow room tech. It will be a massive failure if they can not get a cost per gram under $.50. Canopy growth is already producing at $.50 per gram and Growlife is projecting anywhere from $.35 ~ .59cent per gram. This will probably be the BEST OPTION on the market for any small ~ mid-size grower! There already producing a more efficient system then the largest grower in the world! pay attention folks.
But I'm disappointed with the quarterly result.
Compared to 1.8 million in 2014. LOL. Thanks for the reply.
My post requires some patience. Realistically for $PHOT to be net income positive what level of revenue does the community think we are looking at? Back in 2014 when revenue was at 8.5m we were looking at a gross profit of 1.36m and a gross margin of ~16%. SG&A has a big play in this. I think we are on track for ~4.5m in sales this year with an acceleration into the end of the year.
I understand we are sitting at $120m in debt and $2.6bn shares but if the company can be cashflow positive there is hope for us all I think. I don't think a Marco (the ceo) who managed global programs and initiatives at Microsoft and Yahoo gave up all of that to go broke in his 60s with PHOT. I may be ignorant to believe this but I do.
I think we need $15m in sales to be close.
And the best part is we still do not know potential profit margins on these growing system patents we have been hearing so much about. Could you imagine if a large grower purchased some of this tech?
Just a thought...
Weak pre-market but it will pop on open! Beating every analyst expectations and some people are out there screaming bear LOL.Sub count up 70%+ YoY is insane!!!!
They blew away expectations on Q2.
If your not looking at IQIY the “Netflix of China” already doing 2.5 billion in revenue your missing out folks. Netflix could not get into the Chinese market so they did a licensing deal with IQ. Check it out!