RE:Look beyond this bloodbath Also anyone who has been investing in MJ for more than a year should remeber what this time last year was like. Summer was terrible. There were a few good days but over all red. Until around October. Then it rebounded and by December it was a crazy. Weed broke the market. My opinion is because there was a lot of anticipation for legalization in Cali as of Jan 2018 and also because people just didn't want to be left behind.
Now if our PM, Cpt Crayons, keeps his promise (hasn't yet) I am betting we will see the same action but not until June/July and then slowly it will build until August where it could explode due to legalization in September.
Sanderz wrote: We know that the whole marijuana sector is tanking. THere's a few here and there that are green, but yet still down from their highs.
I don't have a crystal ball, but I can't imagine this NOT going up, assuming marijuana is legalized.
Think about it: do you really think this company will remain in the pennies when the marijuana sector booms? especially, with a 420,000 square foot facility? (I'm not including the 3 million one yet because that's just speculation even from management. they say up to 3 million depending on demand, etc.). And alberta dispensaries, etc?
There's no way, in my opinion, that this will be anyhting less than 80 cents in the future. (I think it will be at least a couple of dollars but i'm being conservative)