So what delusional lies are people telling themselves this week?
Even if this company sells $100M in products a year (revenue not earnings) it's worth, at most, .50.
This stock structure is horrendous and anybody who is expecting the price to climb is delusional at these revenue levels.
Until CO hemp growers are supplying the CBD, it will remain overly expensive and will not enter the average Americans home. The nutritional/supplemental market will not sustain these prices. Stores like Walgreens or CVS (or whole foods) won't keep that expensive of a product with such a short shelf-life at these current prices.
When the prices come down, there may be an uptick in sales, but not really a whole lot. The company will just end up making less revenue even though they're moving more product.
It's going to take a huge revolution to make this company (under its current share structure) to be worth anything. Vitamins and fish oil and other supplants are NOT in every household, and those products have already seen their revolutions.
CBD is not a fad, and neither are vitamins or fish oil, but if the demand for non-proscription CBD takes off, expect every supplement company to get involved, and MJNA won't be the king, already recognized brand will swallow up market share.
This company has a tiger by the tail with Dixie, but if they don't get their a***s moving and start spreading into EVERY MMJ state immediately, they'll lose the brand advantage... They need to already be in every possible state WHEN the Federal laws change, not afterwards.
They need to be signing contracts with companies that have the capital to grow in non-MMJ states, such that as soon as the laws change, it's weeks until they are online in those states, not months.
The potential still exists, but the strategy (looks like Amway to me) sucks.
Needs a better share structure and better executive leadership...
Assuming they're not just waiting to pull the rug out from everybody and declare bankruptcy.
