in reference to ACB today but it also applies to True LeafRE:RE:Posts Regarding Companies Other Than Aurora (and True Leaf)
Fair enough - when claims about new firms in the industry are substantiated with facts I can see how that would be helpful. I'm more concerned about the embellishments like "XYZ Company going to $1!" with no reasoning or justification.
My general concern is that the market gets too excited about every cannabis-related company and we get something like a bubble. Pump-and-dump schemes love this type of environment because they know they can portray their penny stock as similar or related to one of the legitimate players in this industry and cheat people into buying into the "pump". If too many dump at the same time, fear contagion can spread and the whole industry suffers unnecessarily, including the real McCoys like Aurora.
Read more at https://www.stockhouse.com/companies/bullboard/acb?postid=25379132#PrIJFH7VMoKbho2z.99
True Leaf is the Real McCoy with a MMPR Application and has Passed through the preliminary and enhanced screening process of Health Canada's review, but
still
must recieve security clearance, pre-licencing approval, and approval to become a licenced producer under the MMPR. Grow Space - True Leaf has already secured a growing facility in Lumby (BC), where high unemployment asks for new jobs. The proposed facility will feature 48,000 sq. ft. of admin, vault, production and growing areas on 3 levels with Level 8 security, 24/7 surveillance and a direct link to the RCMP and ULC monitoring centre.
While waiting to compleate Health Canada's 7 step MMPA licencing prosess, True Leaf has entered the 1.3 Billion dollar Pet market with True Hemp in Canada, America, Europe and the United Kingdom and currently has product in over 6,900+ stores.
The benifit of this can be viewed in the fact that True Leaf had in excess of $14,000 sales in Q1, and then sales in excess of $500,000 in Q2, huge jump in profits in a short 3 months, and concidering the stores selling True Hemp has more the doubled in Q2, I would not be surprised to see the sales also double in Q3, which ended September 30th and will be reporded very soon; I am just glad I have aquired my position prior to this report, which will be the moment everyone affiliated with True Leaf has been waiting for since 2014.
Long wait, True Leaf already had 2 million in annual sales at the end of Q2, lets see what Q3 provides.
Please do your DD as it will reveal True Leaf's value exceeds every other MMPA producer in Canada, and soon the entire world.