Potential investors need to realize that Liberty will not be profitable for about 10-20 years, if they’re even still around for that long. In Florida, the start-up costs are far more than most states and the politicians there seem to be bought and paid for by Big Pharma, alcohol and tobacco. Getting things done politically will also cost them a lot of money (endorsing the “liberal” candidate). That will be a rocky road since Florida heavily favors the conservative candidates.
Also, because cannabis is still federally illegal, Liberty can not utilize federal tax deductions which further taps into their profits.
Another red flag is that Liberty has not expanded into the Hemp CBD space. The reason why companies are getting into the CBD space is because it’s federally legal & it opens them up to Canadian investments and tax deductions. So my thought is...if Aphria believed Liberty was a good investment, wouldn’t they try to hang onto them some how? Liberty could easily create a subsidiary in the legal hemp market and Aphria could get involved again...but they’re not. In fact, Aphria hung Liberty out to dry. Something here seems very off and I hope everyone does their DD. GL
