Hi GoSing,
Here is an excerpt of a post I did back on May 1st. When I saw your question, I wanted to chime in.
In short, I saw CNBX surpassing the $ 100 pps mark back in 2015 and still do based on the performance of GWPH, and as you will see, I have some questions as to why it hasn't.
I did research throughout 2014 and bought into CNBX in early 2015.
I bought in because, unlike GWPH and other MMJ's, CNBX had a capsule that had 3 major things going for it:
1. It was the most "medicinal" like. At that time, everything from GWPH's spray to brownies were what we were being told were going to be prescribed. I knew that "grandma" was going to accept a real pill form product over sprays and brownies, so there is reason 1 for CNBX.
2. I have a Masters in and background in Human Resources. Regardless of what is legal, companies do not have to let you bring items onto their property if they choose not to. Budweiser is legal, and I worked at a company that you could not even bring your boat to work in anticipation of heading to the lake when you ended your shift if you had beer locked in its cooler. Legality doesn't mean HR acceptance, and I saw sprays and brownies being messy, not easily received, etc, and therefore CNBX won again.
3. The capsule was a 12 hour long release. Going back to HR. If you have to take a spray every 4 hours (GWPH), odds are it is in your purse, your car, etc. With CNBX, you take it before work and 12 hours later when you are home. So again, a win for CNBX.
I invested at 15 cents, watched it steadily climb in value, particularly from September on in 2016 when voting made MMJ legal in a number of states, including mine (Ohio) and of course CNBX hit $ 7.46 in February 2017.
That is why I got in and a brief history of CNBX. So, here is what I cannot figure out: Why did a company that has done nothing but positive things since breaking $ 1, $ 2, $ 3, up to $ 7 suddenly drop back to barely twice what I paid for it in 2015? SEEDO, the various successful studies, you name it, CNBX succeeded at it.
With GWPH trading at $ 169.31 as of today based on a 4-hour spray, how is CNBX, the better product, trading at $ 169 less?
For all the talk of "candles" and projections and formulas, the one that got me to invest is the one that should be easiest and is now hardest to explain: Why isn't CNBX, the most common sense MMJ product, financially successful?
That is what I would like the company to explain.
I know this isn't exactly what you asked, but I answered based on my history with the company and what I know.
I still have hopes that I will log in one day and find it is at $ 10, $ 20, $ 100 pps. Why shouldn't it be worth at least 1/3 of GWPH? But here we sit with a less than 40 cent pps.
I would love if someone could shed light on how they are keeping the pps down.
Take care and good luck!! Jim
AI
