Well Mr. Rhino I see that you have thrown in the towel. The most advanced facility in the USA takes time to build and with such a project there comes delays. Some of these delays were caused by change orders which were expensive but it will lower the cost per gram of the final product. Is it worth it to add 4 or 5 months onto a facility if it makes it 40% more efficient? They now project the production price including all of the taxes and everything to be around $1.10 per gm. This will put Sunniva in a really good place.
If you really want to see this 56% loss I would recommend that you sell today. If not I would hang on to this for another year and things will look a lot different.
A quote from Warren Buffet
The stock market is a device for transferring money from the impatient to the patient
Feel ya bra. Hell I was post #1 lol. We all knew this would take a year or so to build out, but I too thought the shareprice would hold up better since they have a fraction of the shares issued of all the other mj players. The finish line is in sight now and within the next 6-8 months we should be able to reap some rewards. Don't get me wrong falling on their faces in Canada was more than stupid and management should have their pay taken away and forfeit some of their shares..lol. If they acted like all the other big players they would have flooded the market with shares so they could have built both the facilities at the same time and we would be banging. They chose to be a little smarter with capitol and it will pan out for the company long term just sucks for the shareholders that have been here financing their endeavors. Nothing to do now but just keep waiting and maybe roll up some quarters and average down :)
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