RE:RE:RE:RE:RE:RE:RE:Another Marijuana company involved ?tmmy522 wrote: Please educate us Rockpaperstock
I guess it depends on how you define "
sustainable". If you're asking whether their current market share can be backed up by any profits right now - the answer is
not a chance. They have ZERO revenues, and I haven't seen a whiff of news on product development.
I've said this before, b/c
it's not like I don't believe in their ability to make a fine product, but how far out are we from seeing any revenues? Maybe Up Cannabis does have something in the pipes, but what does that look like? Branding alone (God bless the Hip) is not a product.
Have you seen their website? Here it is:
https://up.ca/ Do you see any information on product? Development? Are there any links you can actually click on?
If you mean "
sustainable" as in can it be sustained by investor emotion, speculation, expectations....then sure why not! People are expecting big things in the future. Look at the branding and what that means for future sales. Look at the supply agreement with CMED. Look at....hmm I don't know what else they got going right now....
Here's food for thought:
HIP total market cap @ $2.16 =
$841 million CMED total market cap @ $27.26 =
$666 million HIP is worth more than CMED?
WTF????!