RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:HOW1. It is trading below asset value. But they also paid about twice what its worth to build the place.
1000$ a sq ft seems alittle on the steep side for wide open rooms wouldnt you say?
and they paid nearly twice what its worth to buy the land that the building is on. and ive heard there may be massive power upgrades to get the power for the second facility. so maybe they over paid for the wrong land too. but yes you are right its trading below asset value.
2 Made profit. maybe before handing out bonus checks,
3. Almost no debt, exept the fact that half the crop gets sold for nearly 0 profit for 10 years (9 more)
Not to bad of a deal with Auxly, but not the best.
4. Fairly small share float. It used to be about 30 mill, when they first started and i was told by Dale and Carl that they would not need to dilute to get the building finished and licensed.
But yes 100 million is not so bad.
5. Pretty low cost production. but they also sell very low cost
6. Buds quality. the bud is maybe a little better then average but far from AAAA
and a bit of a one trick pony just having the one strain.
7. expanding foot print. Im sure they want to. but they will need a ton of money and maybe huge power upgrades. so id say more like maybe, but they did just add there farming parnter from out east to the board so maybe expanding will come
8. sales license. Im not even sure if they have appllied yet? for the past 2 years but im sure someday.
I hope it all works out with lotus as i have been invested since the beging and havent sold a single share while the CEO and COO have sold every share they owned on the run up to a buck. So iv lost most any faith iv had in them.