I personally always have thought phot made pretty bad sense as a marijuana business.
Why exactly would they have any particular advantage selling grow equipment as opposed to all the other companies selling grow equipment for many years?
Its always been legal to sell grow equipment.....
So then i guess their model is to supply funding/grow equipment to other grows.
So why exactly would these companies want to participate in these deals where they give up massive equity and revenue and pay for over priced equipment?
It never made sense to me.
Of course, a lot of money has been made before with this type of scheme, but better have some fool in a board of directors of some giant tech company ready to buy your shares for a huge cashout on hype,and keep the company private till then.
Or - if your gonna be public - you better be quite conservative with how you operate your stock and what you feed investors.
This company fundamentally does not make sense to me.
Why are they particularly great suppliers for grow equipment - no one seemed concerned with answering that question.
It was always oh this million dollar deal here - that million dollar deal there etc etc. all future based which is fine but how are they getting 4 mill revenues from future contracts?
That being said i wish you growlife investors luck.
Who knows maybe the sec is just trying to screw with the weed industry.
The reason i never invested in any weed stocks and have only hesitantly looked at fitx is because i dont really see why anything but selling weed or perhaps hemp - would be any different with legal weed.
As for weed pharma companies - um, raw cannabis juice/extract and or rick simpsons oil. No need for anything more complex imo..... More narrow patentable drugs will perhaps be attempted by big pharma...
Selling weed is where the money is.
This isnt gold.
You dont need to get lucky to grow weed.
Its a replicable process that uses mostly commodity materials.
