GREY:ATTBF - Post by User
Comment by
AtillaInveston Jan 26, 2018 3:20pm
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Post# 27443506
RE:RE:Help me understand this stock
RE:RE:Help me understand this stock
All aggressively growing marijuana related companies have high share counts. This isn't even that high in comparison to the biggest (or at least most hyped up) companies. Having a 230M share count doesn't stagnate a stock price. What could stagnate the price is investor interest. Regardless of the great execution Abattis has had, people might just be more interested in LP's rather than the vertically integrated companies such as Abattis at the moment. A little bit of patience will go a long way here. My mindset is that Abattis is a better pick at the moment for the following reasons: 1) It is super cheap right now in comparison to LP's and other extraction companies. 2) Value added products will be much more profitable than the dried cannabis, 3) Once the market is over saturated with dried cannabis it will be incredibly cheap, therefore widening the profit margin on the value added products (oils, edibles, infusions ect.) 4) Extraction technology is the best and will be sought after from more than just the marijuana market. 5.) Third party testing, will likely be mandatory and legislated by the government.