Bhang Inc. (BHNGF)

[geodcan]

I don't think they could have done any worse if they tried or maybe that was the hidden agenda. They sure as hell aren't putting shareholders first. Private companies that go public and still run as though they are private and ignore shareholders send investors to the exit. The ipo timing was the worst as all the pot companies were getting right valued and their marketcaps are getting devastated. The future value irrational pricing and the amount of money management threw away to do acquisitions caught investors attention and commonsense and normal business fundamental valuations kicked in. All governments involved didn't help either with foot dragging and inability to get the storefronts open. In Canada we had 120 licensed producers with crops and nowhere to legally sell because the largest province was playing games of preference which caused distrust. Canada it seems is finally getting the long awaited value added edibles/drinkables into retailers and dispensaries. The US still won't allow inter state transportation and leave investors to rely on shakey State law to protect them from Fed interference, seizures of capital and possibly criminal charges. There are well established licensed producers in Canada and elswhere that want a footprint in the US but are fearful because the rules aren't clear. Bhang did a lot of heavy lifting developing 100 shelf ready products of quality and award worthy and fumbled the ball, possibly deliberately with shareholders who found better investments or withdrew from the pot space altogether. In my mind the best is yet to come and it could come as soon as the presidential election and it will be exciting and hugely profitable, just like a lot of the Canadian potpreneurs only 10x bigger but it still comes down to well run public and private companies making all the right moves. Ignoring shareholders is not that. glta and dyodd