The entire industry in Canada and the US has been F'd for years over the piece meal US roll out of the MJ/Hemp industries fostered by politicians at the federal level.
Even the CBD rollout was crappy and left the law enforcement clueless. In this environment, (I know from your posts in the past), we were all expecting legalization much earlier and all publicly traded MJ companies have been scrambling to find ways to extend their ability to survive in a no profit industry.
All of us, including you, were OK with dilution for growth a few years ago. Now, not so much and with still no good route for capital, because of federal illegality, all the companies like TRTC are stuck with changing their plans because all the share holders of all the companies are tired of dilutive loans that have no end in sight because of a F'd UP inactive Government.
Do you think Cresco is happy with the F'd government's handling of their planned merger?
Do you think Bank America is pleased with the F'sticks in the Senates inability to pass anything Bipartisan to help the industry given the bank's investment in Aurora?
Do you think Altria is jumping for Joy over the money pit Cronos has turned into?
Or Hexo, Or TGODF, or even the stocks that don't touch the plant?
You need to broaden you hate and at least include some of the actual folks responsible.
So last quarter Derek upheld his end, He grew revenues, increased margins, and started the move away from less productive enterprises to more productive enterprises.
I applaud his success last quarter as should every share holder. Now he has to keep producing to the plan. And I will hold him to his plan. He has until March of 2020's 10K to show me 16 million a quarter sustainable run rate, good margins along with self financing.
Perhaps this time Americans will elect someone not like them but better than them - like we used to do. If legalization does not happen in 2021 the US MJ market play is over and it will not be because of any of the CEO's in this industry.
