Tuesday, October 20, 2015 8:33:54 PM
Dilution is imminent when there are no profits to be had in medicinal cannabis. MMJ patients are not affluent and the market for a medicinal MJ retail store is a very very small percent of the population. Recreational cannabis is where the future is and the current pps does not value the market potential due to the overall sentiment in the MJ sector, in my opinion. Investors are staying away. Good time to buy if your Buffett minded.
I purchase this stock (present tense because I will accrue throughout the next year) on the speculation that recreational cannabis will be profitable and will be reflected in actual financial statements for Q4 and Q1 2016. The true impact of this will be realized in November 2016. That's just my gut feeling.
Investors might be upset about the salary paid to the CEO or dilution and convertible debt. I believe that the CEO is sincere, they have established themselves as a respected entity in the WA community after being granted a 2nd retail location and if the 3rd store is given clearance, even more so. Who am I to say what the CEO is worth when I'm investing in speculation? He may be underpaid on hindsight in 2017.
Say what you will but I discovered this in April 2014 and these guys are still kicking, and they are serious.
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