I agree, small catalysts in the direction/momentum of public sentiment help. Take a look at the recent Olympic contender who was the fastest lady sprinter. Now due to an international rules technicality, she cannot compete because THC was found in her bloodstream.
Sha'Carri Richardson is her name.
I think that people like this will serve as martyrs which propel the industry forward as well.
If we look at the amount of States that have passed legislation in the past two years alone, it's astounding.
I'm still bullish overall, I think we'll get there.
I fully anticipate a larger company acquiring this farm -- I don't see this being a standalone brand (although I feel the marketing and brand name is VERY possible to make a household name). Just would need a solid team behind and continual plans for expansion within the US.
As more states legalize, the competition will become fierce, but to have 6 acres of land for cultivation is not a small task either. I think the farm will continue to produce.
Like I mentioned earlier, we need to keep an eye out for the lease agreements being resigned. If they haven't built up any other locations, and the leases are up around 2023, and nothing gets resigned, we know the core directors are planning to scuttle and not renew operations.
However, if we do see renewal, we know we'll be looking to a profitable, cashflowing business riding the right wave.
Definitely need better management and communication if there's going to be any further innovation in this sector though, versus status quo. Let's see what the numbers say whenever they come out.
