Origin House (fka ORHOF)

[CannaDoOregon]

Good bump today. I took advantage and eliminated my positions in ORHOF. Made a small profit (good considering how far in the red I was in December).

I have a feeling there is a dip coming in the next two months, maybe just before/after the ER (is that scheduled for 4/30?). That could present a buying opportunity at PPS levels significantly below today's level.

My concerns are:

- Slower than projected revenues (California cannabis tax $ are not as expected)

- Mounting expenses and overhead to complete ORHOF's transformation (with leftover royalty investments that do not support current ORHOF strategy and that are using up cash - Trichome/$13.5 million, AltMed/$8 million)

- Canadian government near term limits on the number of cannabis dispensaries (impacting the value of the 180 Smoke acquisition)

- Emergence of CA distributor competitors, such as Flow Kana who just raised $125 million, and

- Insufficient cash to support ORHOF strategy (raising cash by issuing additional stock will most likely dilute current share price).

There could be something else coming - ORHOF getting acquired?

Thoughts anyone?