Abattis is developing its partnerships and well prepared to begin its revenue in Canada through production and also through licensing of its services and technologies to other producers. The company can build its business model in Canada and be more ready for opportunities related to widening legalization in the US. To this end, the company has controlling interest in Phytalytics LLC in Washington State and has begun building a network of US partners. This is a new, enormous industry in its very infancy. I believe Abattis will emerge as one of the elite companies in the space.
I think your analysis is pretty close to the mark. The SEC has forced this entire sector back to ralistic valuations with its actions with CANN and PHOT. I think the MM's have been reacting to the pressure from the SEC and bringing all the prices back to what their true current value should be. One unfortunate thing with ATTBF is that it has no SEC filings. If an investor is looking at this company, that would be the first place to look. Can anyone say with any certainty how much money they made or lost last quarter? Do they have any revenue guidance for next quarter?
I'm a late investor in this company and a true believer in it's potential. I'd love to add more shares right now but I'm currently underwater and at the edge of my risk tolerance on all of these MJ stocks. A lot of the people that have been burned in this sector over the last few months may be in the same position. Not wanting to sell but not brave enough or financially capable to put more money in.
We may just have to wait until we see earnings reports start comming out showing these companies actually making money before new investors hop in.
Has there been any news on what's holding up the license? There are too many messages on this board to read them all.
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