RE:RE:Stock Not Going AnywhereNot new here, just don't post too often. I had the stock several years ago and sold it at approx 2$, around the peak several years ago. I rebought it at 0.66$.
Their facility in Telkwa is not fully functional but has been under construction over a year and there hasn't been an update to the project in a long time. Interior construction began in May 2018 and the single story facility using premanufactured panels (MgO) should be completed by now, as they anticipated completion in early summer of 2018. Back in July 2018 they announced their cultivation team, and in the 7 months since announcement there hasn't been any substantial update; first crops should be harvested and in shipment by now, or at the very least, being tested and cloned.
There hasn't been an update to their applications back in March and April 2018, so we are left in the dark as to whether they were approved for Controlled Medical, or whether or not they have licence for Recreational.
This company appears to be one that was set up in the hopes that the big dogs would buy them out. Unfortunately it doesn't appear that will happen. Best case for most seasoned investors is to wait it out until they have a banner year and take the loss on capital gains.
I had high hopes for this company, but it seems like management isn't taking it seriously. Maybe I am wrong, but for people looking to be first time investors into MGW, I'd suggest wait until stock dips below 0.12$ and day trade it.