Friday, March 23, 2018 1:21:45 PM
Fear and over reaction to the RS, followed by raw emotions from those mad about the split, group think, and following the pack mentality is one guess.
The RS was NEEDED to fix the share structure, but many refuse to see the reality of it. Now the new cry is another RS is coming. No, another RS is NOT needed because the share structure has already been fixed.
Now, in emotional anger over the needed RS, many refuse to acknowledge that Q1 will have recreational sales numbers in CA for the first time.
Then there is the refusal by so many to consider the following events that will improve revenue, beginning in late Q2, improving into Q3:
California:
Oakland: constructing a 13,000-square-foot cultivation facility , expected to be fully operational by mid-2018.
San Leandro: Constructing a dispensary and extraction facility, both expected to open in the second half of 2018.
Santa Ana: On February 1, submitted applications to open two additional retail dispensaries in Santa Ana
Nevada:
Completed construction of a new 30,000 square foot cannabis cultivation facility in Sparks, NV and a 15,000 square foot cannabis extraction facility in Reno, NV, through a joint venture with NuLeaf.
Now Awaiting final State approval to begin IVXX production at the Reno facility.
Mid to late 2018 brings us not only additional dispensaries in CA, but massive capability for cultivation in CA and NV. Cultivation and sales bring increased revenue.
New Jersey:
Constructing a major new pack house to distribute salads and leafy greens for its subsidiary, Edible Garden.
Building out this infrastructure will also position the Company to penetrate the New Jersey cannabis market, which is expected to legalize adult use cannabis in 2018.
Note: I also anticipate MJ sales and cultivation in NJ sometime in 2019, and with it increased revenue.
None of the coming expansion effects revenue YET except for the start of recreational sales in CA.
I personally am looking ahead, anticipating the market, anticipating company expansion and the increased revenue it will bring. Increased revenue will also slow the dilution that currently funds operations and expansion.
This current PPS downtrend is a time to acquire additional shares in my opinion. As always, anticipating the "bottom" is the hard part. I have loaded funds, broken it into 4 sections for 4 separate buys as I watch the PPS. (I only pay $4.95 per trade).
Retired, non user of MJ but support legalization
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