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Alias Born | 06/14/2018 |
Monday, December 30, 2019 10:44:55 PM
Quickly realized a few problems: 1, Crazy California taxes and regulations make "Legal" weed WAY MORE expensive than illegal weed. 2, everybody and their brother started to grow and there was a huge overabundance of product with very few to sell to as most buyers were buying the much cheaper illegal weed.
Soooooooooo, they changed their path, different management, made acquisitions, changed name, going after the higher profit market products such as chocolate bars and beverages and distillates with a direct to consumer model. Has ownership of SpeedWeed to facilitate the process.
I just checked their website:
https://www.mojavejane.com/
it worked for me.
In the last couple of years it went from $1+ to it's current $0.016.
I started buying a little at $.13, a bit more at $0.09, but have been buying all I can under $0.03.
Today (Monday) out of the 18,000+ shares traded, I bought 16,400 of them. I had orders in for 50,000 at several prices but there's not a lot of volume.
I'm not worried: for every person who is selling, there is a person buying (for some reason).
Right now their market cap is 1.7 million - OK, you can buy the whole company, land, buildings, brands, network, for 1.7 million. Seems crazy cheap to me.
Pot stocks in general have bombed for the last 2 years, Tilray, Aurora, Canopy are all down 65% to 80% from highs.
People got hyped just like with bitcoin … and then it crashes … just like the tech bubble crash in March 2000.
If you want to "Buy Low and Sell High", HHPHF ain't going to get much cheaper. From over $1 per share, jumping up to 5 cents or 10 cents ain't that big of a jump for a 400% / 800% profit on any good news, and revenues should start in 2020.
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