Edgenation, I've read your posts on Veritas and thought I should chip in a post myself, since I have been researching and investing in Veritas for some time. I've scoured the company's website, read their investment presentation and market strategies, and compared them to the competition, and there's no doubt Veritas will emerge as a leading pharmaceutical research company and end up with many patents for its proprietary strains.
Among the key things that sold me on the company is their leadership team, which features blue-chip business executives and top-notch scientists and chemists. These guys know cannabis top to bottom and should be able to produce unique marketable products after successful clinical trials.
That said, everyone needs to bear in mind that Veritas, like many other small start-ups, is still a very early-stage cannabis company. They are still years away from earning significant profits because of the lengthy, intensive nature of human clinical trials. The good news is that this is one of the rare companies that I believe you can count on to actually achieve their long-term goals, and when that does happen the company will be worth hundreds of millions, not the US$10 million they're worth today.
Despite being early stage, there is still a lot of room for Veritas stock to go up in price in the near term. Veritas is rather overlooked and people will discover it as future news about milestones and getting government approvals is achieved. You and I are in on the ground floor, but there is still time for others to join us before the scope and credibility of the company is demonstrated.
Obviously, Marapharma is a company that recognized Veritas's stellar leadership when they made a major investment in the organization (which makes Marapharma a good investment as well).
Bottom line, unlike many small cannabis companies, Veritas will actually prove to be a huge winner in the coming years. I am willing to be patient and keep investing on the dips like we had today. It's good to see you are just as excited as I am, so keep the faith and keep posting those news updates!
