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Sunday, February 16, 2020 4:58:43 PM
Coke could be the savior. The CEO has said in interviews he is looking for new products/companies to invest in, but the deal has to make financial sense. He further went on to say that it should cost less than entering the market with a new product that they develop themselves.
I believe that American Premium Water could be that type of company, but Coke is still wary of the legal ramifications and the uncertainty of the laws as they exist now regarding CBD.
Until the laws are clear I don't see Coke taking a chance. A company like Red Bull might be willing however.
All it takes is Ryan to go after those type of deals, which he may not be able to do since there are other people that actually call the shots with the company. Ryan would have to get their buy in first which doesn't appear to be happening.
Quarterly financials should be out soon. I'm not expecting anything different from the previous financials so the PPS isn't going anywhere for now except for some pumping and dumping.
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