Lifeist Wellness Inc (NXTTF)

[Agreg]

Sean's statement about day trading was spot on. Pot stocks will not be going anywhere until they are proving solid revenues. End of 2019?
A lot of the aspects of this industry are being refined on a daily bases. New road blocks arise and companies need to adjust. A lot of the companies have fully funded projects that will not be done until the end of 2019 and beyond. Not much income comes from a fully funded facility. ( in construction)( they will also need time to get the bugs out) Namaste used Shopify as a low cost means to get a foot in the door but now they can see that they must have their own platform. It has got them into a position where they are producing income yet it limits their growth potential. Unless they can find a solid oil supply from a Canadian licensed LP they will be restricted to dried products.
The bright spot is that every company is in the same boat. We have a huge shortage in general because no one is anywhere near their full production potential. Most companies will be slowly ramping up for the next year or so. On top of that as the production levels come up new markets will be opening. This is just the being of a global industry.