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Alias Born | 04/20/2018 |
Tuesday, December 18, 2018 10:20:46 AM
If we get strong buying pressure, it will shoot above $.20. I've been in Diego Pellicer since January at $.08 pre RS. I have a lot invested here but am finally close to break even.
I don't plan to see as 2019 will bring changes to cannabis via either federal rescheduling removing cannabis from level 1 or more likely is States Rights Act is implemented. Senator Corey Gardner (R) of CO is trying to get it included in Justice Reform Bill now. I don't think it will but who knows. Either way, with the new congress in Jan, it will get done in 1st half of 2019.
At that point, banks can provide business loans like normal companies. Accounting rules for businesses can be employed, investors who can't participate now, will be able too. In essence the whole game changes.
DPWW will either grow the business rapidly, acquire their dispensaries via contracts already in place or sell to a deep pocketed company. Either way, the SP come 6 months from now should be much higher than today based on fundamentals. The MC (market cap) at our current SP is $2M. The dispensaries will do $12M in revenue this year and dispensaries sell at 5X+ revenue so some quick math shows this company is extremely undervalued.
Do your own DD and make your own investing decisions. Some flip, I'm not good at timing and want to see this get to where it's SP should be and level off.
GLTA
CF
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