RE:Millers planI agree with Walter. Except THC Biomed will not go bankrupt. Our products are still worth something. THC Kiss drink is hands down the best on the market and you know the bigger companies must have tried it out of curiosity. I think it'll be better in a 200 ml can giving the consumer more bang for the buck. We desperately need help in every other part of the company.
Walterthedog wrote: His plan is to offer the cheapest gummies, chocolates and beverages but it seems like on bc cannabis stores website that they have set a bottom limit on price of edibles at 3.99$ and that price range is quickly filling up with new products. By the time our products hit the rec market, likely next year, we will be facing tough competition from competitors with more money and better branding than us. I think Miller just keeps thinking that if he develops the right product then the company will succeed. Obviously good products at good prices is only a part of the equation. You have to have a public face, you have to have a good track record and transparency and marketing strategies, and partnerships and qualified people making decisions likely with input from more than one person. You have to have the backing of your shareholders. Earlier in the year I thought KISS and cigs together would make us a competitive play and while KISS is doing well, I don't know if it is going to be the next redbull as JM hoped. The sticks were a great idea and it's a shame that we didn't forsee our provincial wholesalers rejecting them. Maybe they still place some orders but it's starting to seem like they won't. I currently put our chances of an eventual recovery at 33%. Chances we are at 10 cents in a year 33%, chances we are bankrupt or on the way, 33%. We'll know more after Q4 and Q1 but probably nothing new there. Thoughts?