Very astute in general and I've noticed same thing, few plays to make real money since the handful of hot weed players were halted by the SEC and investors lost their money -- thanks, SEC, instead of trying to straighten things out from the inside out, scr#w the little guy as if he wasn't already by the shady pinky operators.
HOWEVER it's actually to the advantage of this company that it is NOT a weed company, not that those don't have a market if done right, especially tied in to edibles, stoners do have an appetite --
BUT this is something that's been in the works for many years, yes through (too) many incarnations, and I've called out the Bro's for taking too much money off the top along with a few top management, from a company that is still trying to generate net profits...
meanwhile they keep taking money wherever they can get it, although these days from a better class of debt holders than before...
the ones who are converting...
Once they're outta here things have a solid chance of picking up.
Not the first time this has gone so low, even lower, to rebound...
NOT DOOMSDAY IMHO: shaking off the toxic debt holders to regroup.
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