FUN FACTS...Wondering what Buzz Pumpers have to say about these facts:
BUZZ, fully diluted, is sitting at 316 Million shares ( see page 14 of their Corporate Presentation )...
Q1 2020 Revenue was $178,000...
Q2 2020 won't be much better ( Report due soon, likely won't break $250,000 Revenue )...
And going forward, even with new supply agreements for Germany cannabis operations, and. a couple new Smart Shops in The Nerherlands on the psychedelic side, the Buzz CEO has made it pretty clear this is a SLOW growing, HIGH risk, completely unproven venture ( we've spoken on the phone, and emailed a couple times )...
Daniel told me himself that the first Smart Shop acquisitions will be SMALL, and that's a conscious decision to work out all the legal details, etc. before bigger moves are made...
So the company will be LUCKY to generate $2M in Revenue for the WHOLE year...
316M shares... Less than $500K in Revenue for the first HALF of 2020...
LONG term ( 2021-22 perhaps ) might look alright for BUZZ, but I don't see ANY justification for the share price to be where it is right now, let alone move up...
The Pharmadrug team might be "glorious", but they've got a TON of work to do before this becomes a viable, profitable business...