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Surna is NOT directly effected by the sale

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goodgodyall   Sunday, 05/05/19 02:47:06 PM
Re: Whoisit post# 10137
Post # of 10184 

Surna is NOT directly effected by the sale of marijuana like Tilray (TLRY), Canopy Growth (CGC) and New Age Beverage Corp (NBEV). All three have sales in the $10-40 mil range but have enormous market caps based on sky-high potential profits of marijuana based beverages ($$$). Those three MJ penny stocks have made early investors very very wealthy.

Surna is indirectly effected by the sale of marijuana. Their niche is selling energy savings to the cultivating operations. That's not very sexy. Surna has no debt, rising revenue, proprietary products, an active customer base and over $10 mil in revenue - but no sizzle. Fundamentals are non-responsive factors in the penny stock world.

I think Surna's hurdle right now that energy savings are boring. HVAC is boring. The major marijuana players are focused on top line potential.

At some point, hopefully soon, the bottom line will have its say on the marijuana stocks.

It may be like when the alcohol prohibition ended. Companies would fill the shelves with alcohol without regard to the cost of goods. Once the industry matured a little, the margins became important. There is a "green is good" element to Surna's approach as well.

The pink sheet stock you mention, IDVV, appears to be much more of a speculative entry in the MJ category. I dont think it belongs in the same converstation as Surna.

Surna is a takeover target in my opinion. Hopefully by a high profile company.




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