Abattis Bioceuticals Corp. (ATTBF)

[Hercules1]

it is crashing like hell now.



in a way its good. now people know about those companies that are best equipped to succeed.



I think the biggest reason for the sector wide lynching is all those factors I mentioned in my earlier posts.


bogus companies and their equally bogus press releases aided in the decline obviously but the real reason is that the valuations got out of hand. take a look at medbox for instance.

or canv that hit $200. cann hit $75. mntr hit nearly $9.

so you knew this was coming.


but that is only the tip of the iceberg. along the way investors got hit with the reality: these companies were not making any money. banks did not do business with them. they could not borrow money that easily. private placement or equity financing is all they could hope for.

cannabis was still a schedule #1 narcotic according to our lying govts. so it was still criminal at the federal level.

still only 2 states legalized it. and so on.

federal govts and state govts are simply not doing enough. what they are doing in fact is stifling this industry.

so the reality for the investors is this: this may take 2-5 years before the shackles are finally removed from these companies and they are allowed to grow and prosper.


we stand the best chance of making money in the Canadian companies. that is where my focus will be. I own a ton of ATTBF and I own a ton of MDCN. and I am not going to be deterred.

I think Canada is the right place to be right now. I will just keep adding to my holdings.

at some point I will try to pick up some tweed, and affinor resources as well.


I was just reading that Lexaria also went all the way to Ontario to pursue their opportunities. so clearly Canada is the place to be.

at least they are willing to give medical marijuana industry an honest chance to grow and prosper.