Why THC LagsThe obvious is that THC has lagged its competitors for almost the entire time I’ve been in and out of this stock. I originally purchased last year in the $0.20s, rode the wave to $1.20s and sold, and rebought at $0.60 (with a few trades back and forth here and there).
Why does THC lag behind it’s competition? It’s simple. There have always been more questions than answers. I agree with Suncapital. There is an awful lot of opportunity with THC which is why I’m still invested. But the simple questions that people asked go unanswered, raise red flags, and this company doesn’t get the traction is should. Some examples:
1) The botched license release. Details unclearly released in MD&A. Never a clear answer.
2) Grow space. Always questioned by “bashers” here
3) Long term plan. No investor presentation to consult RE: current operating details and a long term plan
4) Shady backgrounds. Walsh and CFO haven’t had the cleanest of history.
5) Affinor deal. Don’t know if they ever installed the verticals grow system but the CEO was a Trump doppelgnger. Felt like he spent more time with Twitter wars than running a business.
So those are just some things that definitely left a bad taste in potential investor’s mouths in the last year. And once you have a bad reputation it’s tough to re-attract those investors.
Just my take. Hope something happens soon...