Poor,
Great post. The video does clear up some misconceptions relating to products offered by this company . About a week or so ago someone had complained about pricing relating to products that this company offered vs its supposed competitors. Perhaps the person was comparing apples to oranges. The video clearly indicates that this company offers some products directly to the doctors' offices. Unless the competition is doing the same and unless the competition's product is the same in dosage and/or results then its an apples/oranges comparison.
While we all must do our own due diligence and be mindful of confirmation bias, it does appear that the company is doing all the right things in terms of networking, positioning, vertical integration and strategy.
The vertical integration will certainly keep costs down. The networking will provide opportunity, save time, and should produce better marketing opportunities while educating the masses. Two very intriguing things about this company: I like the Northwell connection (though I have yet to understand clearly what it is and whether it is a formal agreement as of yet). Northwell is very influential in the NY healthcare market. I also like the connections they've made to the state of Florida. Everyone knows that Florida is a retiree haven and healthcare is a necessity for that demographic. These are facts that are absent any confirmation bias.
As for the confirmation bias, well that is up to the imagination. I imagine, as many other investors probably do that due to the opiod epidemic in this country and abroad, and due to the aging Baby Boomer Generation's quest for alternative ways to alleviate pain and other health issues, CBD has the potential to impact the investment community the way that Bitcoin and other crypto currencies did in recent years.
Very few people knew about cryptocurrencies until recently. It is that wave of investors that this industry should eventually reach. It all starts with word of mouth. Who better than the actual doctors who treat these issues? But hundreds of doctors alone will not effectively market this product on a larger scale, so, reaching out to 18000 people via video is another responsible tactic. Confirmation bias allows me to imagine Cramer mentioning this company as it makes its way onto the NASDAQ. If that is the case, a current investor need only to do the math of 4 + bucks a share at the minimum.
Exciting to think about. Good luck to all.
