No, but I could see it trail downward...for a while. I'm long, but stranger things have happened. Their less than successful first shipment, dealings with old MMAR producers, irradiated marijuana, etc, have all surprised me, and so I wish my position was lower, that's all. I think they're still miles ahead of the other licensed producers, but since they can't even take on new patients, I think they need to get growin' more pot -- and fast -- or else we're going to see the downtrend continue for a while. Volume decreasing, people wavering and getting more interested in other LPs starting up...
Despite all that, I know we'll still see some good numbers this quarter. Thousands of angry people who haven't had legal access to their weed for a month (from transition of MMAR to MMPR) = money for TWD, even if their first product wasn't up to the standards of most.
I'm long, but wish my price was lower, that's all. Do I think they can hit 5 bucks by the year's end? Sure. I'm hopeful of that. In the interim, they can go to two bucks and I'll try and load up.
SL is a whole different situation altogether...And yes, maybe I'm hopeful with that, solely because they've acquired the Okanagan plant which is still legally producing under the MMAR -- which was (and still is) preferred by the legitimate patients -- but the MMPR opens it up for basically everybody and their mother with tennis-elbow. Larger market incoming for both TWD and SL, IMO...
Thanks for your heartfelt message...
Happy Capitalism
