I agree not a scam....its just everyone thought the revenue would be much higher this year, and the expenses down much more. The CA rec vote had little effect on this company as of yet, and the expansion plans seem kind of weak as per date.
The locations of the new dispensaries are not the best, and they are still not in SF , SD, LA prime locations. Maybe the new regulations will put some of them up for sale, but who knows.
Things are moving so slow and the revenue is low ..... When you start a business in boom time. Your revenue should be doubling year to year in growth.
2017 revenue came under budget last year, hence why derek is refusing to give a 2018 revenue guidance
1st quarter revenue was considered low .....at 8.5 million and 10 million in expenses.
The grow facilities seems small? for the money being spent? Why not go big?
Tourism will be down in LV maybe 10 % ( sports book law change), but the population will prob grow 5%...so maybe a wash.
Seems like derek is betting everything as far as extra revenue...in the grow facility in NV and hope feeding our dispensaries will help increase year to year revenue growth.
2 new small dispensaries in CA is ok ..i guess. But this doesn't bring that big revenue or show much initiative compared to the Canadian companies going global.
Derek says CA is his priority, but he has not made much of a footprint there, and if mj laws are going to change...they will get squashed by bigger hands that have CASH ON HAND!
MAN IF IT WAS FOR hiring the senators son in NV.......and paying off locals...this company would be in bad shape.
Who would have thought Edible Gardens would be the foundations all these years lol Maybe they should continue focus on that business ......
i can go on and on.... Derek's last call had a lot of "i thinks" and "maybe it could"
The growth of this company is stuck in the mud....the build outs are taking 5 times as long as needed
THEY NEED MONEY DESPERATELY....BECAUSE THEIR BUSINESS IS NOT EARNING ANY PROFITS
THEY ARE NOT AMAZON..LOL PLEASE..... THIS COMPANY IS GETTING WEAKER AND WEAKER ..NOT STRONGER.
BEST THING FOR SHAREHOLDERS IS FEDS RESCHEDULE AND WE SELL
OR SOMEONE WITH MONEY AND BIGGER VISON BUYS THE COMPANY....AND KEEP DEREK AS A PITCHMAN NOT A CEO
