Friday, March 06, 2020 8:40:14 AM
CGOTF has control of the Apex facilities in Vegas...as always.
Howard resigned and is no longer at CGOTF. As far as competing with CGOTF...the Pahrump facility was not organic...so there would not be competition ever. The Apex facility is triple certified organic.
That will be sorted out and we will hear from management.
Rather than speculating...hearing the correct answers... .from management....on many questions...is the best way to valid info.
I am looking for many answers too...but they won't be found until we hear from CGOTF.
In the meantime...I am buying more shares...of the largest license holder in Nevada...producing award winning organic cannabis.
As long as the shorts keep making the share price a bargain...I'll buy more shares of CGOTF.
The competition...former cucumber greenhouse...FLOOF....has not done well. Canopy is closing greenhouses and taking a $500 million write off. As Canopy found out...a greenhouse in the wrong location...becomes a losing proposition. The lower grade bud and excessive costs of keeping proper temps in extreme environments...drastically reduces margins. FLOOF may be realizing the energy costs to keep a giant glass building in the desert cool...to be a tough way to do business and be profitable.
The more problems FLOOF has...the more desirable CGOTF's triple certified organic...award winning cultivation facilities...and licenses are.
If Canopy figured out...greenhouses are not worth the effort...I'm sure FLOOF will too.
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