Packaging was ok imhoand lots of insiders holding the bulk of the shares gives me hope.
I see horrible attrition for 95% of the potpreneurs who give way to those that have gone big and mighty and capable of generating operating capital to get through what is coming.
BHNG, AION and PBIC sound like a new band coming together. Could call it 3 dog night based on their current performance.
All three of them raised and burned capital above and beyond all the rest, it seems.
Government in North America has hogtied themselves for making any big moves to deal with the laws and guidelines that need to be changed to give the impression that pot and hemppreneurs should be allowed to stretch out and run.
Everytime I give this too much thought and rationalize what is going on, I lean towards the black market raising enough fear to have us in limbo.
Right now my greatest hope for success comes from LPs and MSOs, followed by Beverage Alcohol, Big Tobacco, Pharma products and more building on health and wellness.
Lots of changes needed legislate and write the rulebook to be able to hang our shingle with these already established and very profitable streams and take a little nibble out of them.
My crystal ball is focused on edibles continuing to cannbialize smokeables and have put most of my investment and energy towards cannabinoid infused beverages where there has been a lot of effort to keeping cannabinoids and alcohol apart for sales and consumption which I believe needs to be changed.
Consumers that enjoy alcohol and the bar scene have already crossed that line of mixing consumption of both alcohol and cannabinoids but illegally because of the current laws.
A beer and a joint have been a common theme, usually by a consumer having a toke or two and then washing it down with a beer or cocktail.\
With all of the health concerns being reignited for alcohol, I can see CBD health orientated beverages taking marketshare as Shirley Temple no alcohol offerings and even THC as an alternative to liquor with the added benefit of no hangover but still a nice refreshing social beverage with a buzz factor that some enjoy immensely and also health treatment and relaxation benefits.
A little pot can reduce the calorie and sugar level that alcohol is reknowed for and the jury has already weighed in for 7 or 8 solid decades in regards to it's safe properties.
I was a little saddened when Bhang dropped their Beetroot beverage skus which seemed to fit the bill for a beveage entry as well as a health or energy option.
That is the interesting thing about cannabinoids that they have psychoacitve effects and a lot of patients are finding value for health treatment and anxieties and such.
I believe companies that are offering cannabinoid skus are in a spot where they can provide viable alternatives to the more dangerous alchols and beer style drinks. Investors know the track record of the successful beverage and pharma companies and marijuana and hemp could cover both fields for double the profitability.
Interestingly the US has just written legislation to aid and assist parties that are interested in studying good them as health treatments which could help them along the road to an alernative beverage line of two as an alternative to the damages and scourge of overdoing alcohol.
One good product can be a successful company and at one time Bhang had some good chocolate. They should go back to where they had success and see if they can jumpstart that to restore investor confidence.
glta and dyodd