Any association with Steep Hill is a huge positive. I knew about Steep Hill, and did extensive dd on them before I started investing in the cannabis sector. It was because of them that I found EVIO (I do not know if thats a curse lol) as they were the only public company in the testing space. The downside is you have, at the helm, the most incompetent CEO, in not just the Cannabis sector, but from any sector, in any investing era, since I have been investing. BY FAR. Today a colleague of mine text me laughing saying he went on the EVIO board to see if I posted there and told me (and he swore this was true) that someone on this board actually said they did not think WW was irrational. He was laughing so hard (he knows about WW because I tried to get him involved in EVIO back in Feb and he was the one who told me to stay far far away because of how inept their management team was. This guy does dd that the rest of us did not know existed. He was my former COO and one of my best buddies. He has never invested in a penny stock and has had amazing success in Biotech, 5G and Cannabis sectors. His response to that post was WW was either extremely irrational, just by his nature, or is extremely mentally challenged, or both. He said he about spit out his coffee all over his mac when he read that, and told me that is why he never posts, or invests, in penny stocks.
Look, at these prices, with Steep Hill as a 'partner', I may even get back in. There is nowhere but up from here. Before this announcement I thought there was no where up but down. I have always had an extremely short rope with EVIO. I bought back in at .27 and when it closed at .25 I was out. I put that money to work in Biotech stock, and seriously just today, made back the money I lost immediately.
Anyway to me this is great news for all of you. I think it makes total sense. The alarming part is WW lying about the opening up of Mass. My buddy did say the WW is ripe for all kinds of legal action and he was dead serious so you may have that to content with but every company it seems gets sued and those take years to finalize.
My advice is to be careful here. I certainly would not go hog ass wild and throw more cash at EVIO unless you are so behind the 8 ball its your only choice. I have never understood how anyone could put a lot of cash into a penny stock unless it was biotech with science behind it, the FDA approval close, or phase 2-3 clinical trials, and exceptional management.
I think you should all be excited today because this really was the only way out and its with a solid, 800 lb gorilla in the space. Be aware that with tax selling the cannabis sector is going to get slammed again the next 6-8 weeks imho, BE careful,. Good luck to you guys.
