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Tuesday, April 02, 2019 2:08:14 PM
I should have sold it higher. Having said that, this stock has in my view very solid bottom between .0075 (.75 RS) and .0080 (.80 RS).
EVERY time this stock hit this range, it bounced and started climbing.
My thesis is simple.
In the last 2.5 years:
1. Revenues are at historical highs
2. They own the IP to Medtainers
3. Canada legalized MJ
4. They have all the major LPs as their customers now
5. They dominate Canadian market
6. Many more states have legalized medical and recreational MJ
7. They will likely remove MJ from Schedule 1 in US
8. MJ will likely be legal in the next 2 to 3 years. Especially if we elect a Democratic President. I'm not promoting a democrat just that MJ has more support by Democrats and likely will be legalized sooner.
Everything is more favorable than 2.5 years ago so there is no reason why this should not bounce from support. In my view, you ADD and ADD big.
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