RE:RE:RE:RE:ODDLastoftheFranks wrote: Kensin, If i had to guess
****Theory****
Combination of a couple things.
1. Valens: Their most recent release about liquidating their inventory and reseting to the collapsing price environment likely wet blanket the extractors. The abject silence from LABS and others implies this was not an isolated incident, Valens are just the best suited to take it on the chin. CO2 extractors will continue to be plagued by write-downs so long as price compression persists, Valens shift to CPG manufacturing and direct sales is their saving grace.
2. Old Glory: Cannabis was a waste land for almost 2 years. Now that it's heating back up, lots of investors initially rushed into their old favorites, many of which are effectively zombie companies now. Nextleaf popped into the game right when the fun ended, there's nobody who looks back fondly on them.
3. Former PR: Up until February 2020 Nextleaf never spoke about themselves without bringing up LABS and Valens at reference points. If you kind of new about Nextleaf before bailing on the sector, you'd might think they're another CO2 company.
4. Revenue: If I use my trading platforms financials tab to quick glance a company I would think Nextleaf is still pre-reveue. If they can eek out a profitable Q4 or show significant revenue, genuine buzz should start to percolate.
Nextleaf's messaging that they're different than all other extractors is great and they've really ironed out alot of the wrinkles through the last year. Now people are actually paying attention, they just need numbers to verify their proof of concept. A few more revenue contract news releases wouldnt hurt either.
****Theory****
LOL profitable Q4... honestly man, I actually thought better of you before this misplaced hope in OILS producing a profitable Q4.
Even with their single 1M+ month in Q1, I doubt they are profitable. Maybe but maybe not. They have never made real consistent revenue, so the reality is you are all in the dark about the real numbers behind the sale that occurred.
I suppose you'll get an answer to Q4 real soon.