PatienceI've been in MJN since it was $1. 3% drop in one day? How about 10% in one week? Who cares! We're investing in a risky sector, this ain't no mutual fund! If you can't handle a few percentage dips on a day-to-day basis, you've got no business investing.
Not saying put all your money into MJN over WEED or APH, and certainly not saying it’s the best investment. Both WEED and MJN are losing money. The difference is that WEED is way bigger, is making deals to get things ready for when rec is legal, has great marketing, and most importantly GETS NOTICED. MJN is simply moving at a slower pace, is a lot smaller, and is getting stuff done as best as they can with their limited capital. In my opinion, they’re not aiming for that mass appeal, rather they are focusing on a smaller, quality offering.
At this point, the only thing that will move our SP is news that gets noticed – that’s it. We sign more distribution deals, Peace Naturals finishes its 315,000 sq.ft production facility etc. Once rec is legal next year, that’s when we’ll reap the benefits from getting in early and BEING PATIENT. Maybe sales go through the roof, maybe someone comes along and gobbles up MJN, who knows. The fact is, we’re still one of the better organized businesses in the mj game after WEED and APH. They can only make so much, and the market for this stuff is huge and varied.
Big picture is where it's at.