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Alias Born | 04/20/2018 |
Friday, August 23, 2019 11:43:32 AM
I am acquiring at this level as Nov 1 is just over 2 months away. In addition to the CO change regarding public company ownership, we should see progress from US Gov't standpoint on cannabis banking and getting closer to legalization nationwide.
I am really curious to see how the new Denver dispensary is coming. That provides DPWW with 2 dispensaries and 1 grow/processing operation in Denver. This provides vertical integration (seed to sale) for their own cannabis in their own dispensaries all as part of a public company as of Nov 1.
I am willing to be patient for 3 months (through Nov) and see how this plays out. The acquisitions will be expensive so we will have dilution; however, having the revenue on the books for the first time is what we need to become a company folks want to invest in.
It's all a gamble and I have a lot of money at stake. We'll see how this plays out. But we are moving to where I wanted them to be when first invested in DPWW in Jan 2018 when share price was equivalent to $1.60 today.
Still have some of those shares and sold some on the run to $.30 last December. So, in my opinion, $.015 is cheap but my perspective is different from being here so long.
Enjoy the weekend all DPWW longs.
Peace,
CF
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