I am just trying to make the point that it is a new industry - but with at least 13 competitors that started at about the same time as OGI, they have new ones nipping at their tails - they haven't made a profit and they have shareholders equity of 12 mil, so a mrk val of 28 mil is high in my opinion.
You all hope OGI sells a bunch of buds and has great sustained profit margins on their sales - but this is capitalism, great sustained industry wide profit margins is no guarantee, profits bring competition, competition lowers margins, they have a lot of work to do to justify their market valuation - and they better do it quick
Stinger: And if you screw up just this much, you'll be flying a cargo plane full of rubber dog shit out of Hong Kong!
Maverick: Yes, sir!
Recent OGI News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/03/2024 01:30:26 PM
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