I was one of the most excited and enthusiastic investors on this board. However, I have stated over and over again that EXECUTION was the key. Their execution regarding the 200 acres crop was imo outstanding. They can farm. But based on their other disclosures they cannot sell, or run companies and/or make acquisitions and then run them. Yet this is exactly what they intend to do again. Their future is now based on one individual who has done this before in a bull CBD market. Their current cash position is less than one of my checking accounts. Their debt more than the company is worth. Their inventory, WHERE IS IT? They are a vertical integrated seed to retail company. Yet now they don't farm and can't sell retail. I now believe regardless of the interference by the FDA and current market conditions this company would have had the same EXECUTION failures. Lack of experience? Lack of effort? Poor management? Lack of capital? Missed opportunities? Most likely some or all of the above. What I know is regardless of the quality of the product NOTHING HAPPENS UNTIL SOMETHING IS SOLD. This was proven time and again by John Paul DeJoria in his bio and companies Paul Mitchell and Patron. That's why he is worth 3 BILLION and EXDI has $18,000 in the bank with multiple legal actions against it.
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