Sunday, April 15, 2018 12:07:57 PM
I'm mostly a bottom/bounce, garbage, redchart, trainwreck buyer so what I'm most concerned with is, "have they hit bottom?", and not necessarily concerned with it as a long long play.
The recent TRUMP news seems to have given it a boost and I think it was being held back a bit by concerns over the future of US weed holdings and a federal crackdown. It's a canadian listed company with mostly US operations.
That said, they have a ton of stuff going, as you've probably read, but we aren't seeing a lot of revenue from their efforts yet. They should have a few revenue streams to report on certainly by the end of this year.
The greenhouses aren't teaming with big buds yet, and we aren't seeing pictures of the board members drowning in hash oil or anything like that yet, but they are working on it.
I really liked their AR project. The idea of customers taking a very cool little advertising cube home from the dispensary seemed appealing to me. Possibilities are endless with that little platform.
They are now planning to spin that off as a separate publicly traded entity and dishing out shares of the new company as a divvy to the existing shareholders... smart move imo. Value can be extracted right now without having to put anything more into it.
The hemp projects should produce something to crow about by the end of the summer. I have no idea what the real numbers will look like at that point.
Then there's all of the stuff they have going in Cali which also has not produced much revenue yet.
The LED grow lights have produced some gross profits, but not millions.
I'm willing to ride along for now, looking to see increases in production and revenue over the next few months.
Here's the company story as told through the SEDAR filings:
https://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00008070
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