GREY:SIXWF - Post by User
Comment by
throwaway11on Jan 21, 2023 2:27pm
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Post# 35237557
RE:RE:Still Hanging Around
RE:RE:Still Hanging Aroundimo the leads on affinity are probably mostly gone. The cannabis industry was overblown and overhyped largely by Wall Street, Toronto and Vancouver so they could hoodwink people. I think a lot of earnest mom and pop types thought they could get into the industry based on this hype and reality was different.
The reality is, just like it was with the vegan industry, that the people who are into weed mostly grow/make their own product and trade and share amongst one another. Plus, pot is stll not federally legal in the US, which complicates financing, distribution and interest by big industry in cannabis derived products.
Now we have a glut of raw cannabis from big companies due to the overestimation in market demand, which means a corresponding glut of value added or purified cannabis products, IOW Sixth Wave's clients corner, meaning it makes it not worth it. High interest rates and a serious case of margin/debt hangover across the world on top of all that, of course.
So, you think those guys are still calling JG up to ask for machines? I don't think many of them can even get quAlity financing at this point.
RE Ixos - Once again I ask about the result of the research on GlyCat and GlyLeach by the Future Battery Industries CRC in Australia and whether waiting for the adaption of GlyLeach/Cat is the main bottleneck of Sixth Wave's tech?