You might feel that way, but I do not. The RS is a tactic in restructuring shares, and in most cases with a RS it's done to keep the price in a certain range and to meet certain criteria.
For instance, some funds won't touch a stock below $5ps. If a company finds themselves at $1, and no longer attractive to certain investors, the company might decide a 5-1 RS, bringing the share price back to $5.
Another reason is to meet exchange requirements. For instance, a stock must be $4ps to meet the requirements for the NASDAQ exchange. Also, a stock may be removed from a certain exchange if a stock falls below a certain price for a period of time - in many cases, below $1ps for 30 consecutive trading days.
Obviously as RS doesn't show as well as a normal Split, but, again, it really doesn't affect the VALUE of the shares one might be holding.
Like you said, all we need is for the facility to be in full operation, some hemp, and perhaps some other sector news, and the RS will be a none issue.
IMO, RS is a none issue in this circumstance. Several RS... ok, probably a sure sign of failure. That is not the case here.
In the best case scenario, a successful company has massive growth, opening new doors, and spinning off several secondary business units which become entirely separate entities of their own, and then split over multiple times. This happens in times of emerging, booming industries.
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