Tuesday, October 22, 2019 1:28:10 AM
My biggest concerns before doing my dd, was three fold:
1. Can they duplicate the Florida model by opening up one state at a time, vs multiple states? There will be costs in doing so, obviously, which will be far greater than they have spent, in Florida. Can they do this without diluting stock? Can they stick to what has worked so far and not get away from that model?
2. Can the new acting COO (sales background) actually run day to day operations? Speaking from experience running a Biotech company, my COO was the backbone of our daily lives. My sales managers and salesmen were our heart and soul. It was a team effort but I certainly could not have used any of them (salesmen/women or sales managers) to run day to day operations. They were just different animals. Hell they could barely do paperwork and get their expenses in on time, lol.
I have not had the opportunity to have witnessed a 'salesman' take over and run day to day operations for a company. I am certainly not saying it cannot be done, I have just never witnessed it.
3. Once Recreational is legalized in Florida, will that create market large share loss in medical sales?
The competition with recreational will be fierce. The huge factor is first mover advantage so I see no worries there, but it was a concern of mine originally.
I really like TCNNF and how they bond with their customers. They have branded themselves in Florida, which is so impressive. Its absolute ,text book, but Is their brand strong enough to open up other markets? Absolutely, especially since their social media presence is the best in the industry, imho.
Like I posted earlier, having FUNMAN and 'TheHumanChessMachine' on board sold me, but I still had to sell myself, and I have finally done that. I cannot wait to own this stock. GLTA
Recent TCNNF News
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:11:35 AM
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