RE:Trend reversal almost Yeah, NOPE.
Literally NOPE to everything you just wrote.
Stop spreading BS false numbers, BS price targets, BS comparisons to real companies, BS about shoulda-woulda-coulda. It's July 2019, and FIRE sucks.
Time for some FACTS with Uncle Max:
-If FIRE had the same market cap as OGI, it would only be trading at around $3.00 - And this is assuming they won't have another RS - NOT $6, which would be a market cap of $2 BILLION, which is higher than Hexo's (and they're set to deliver $400M in sales in 2020).
-OGI's CEO spent his time building his company and shareholder value by securing contracts and GUARANTEED sources of income, not "maybe" sources like a weed experiment factory, or a $48M oil company that's worth $4M tops.
Oh, and speaking of oils, what company did OGI buy to do extractions?
https://www.newswire.ca/news-releases/organigram-signs-multi-year-cannabis-extraction-agreement-with-valens-groworks-corp--831420809.html
That's right, they DIDN'T buy anything oil related - They outsourced until oils are proven as a source of income.
While Engel was busy working for the greater good of his company, Fowler was busy spending his time and your money trying to buy an image - One that will only benefit him.
John Folwer is the Justin Trudeau of the cannabis world, all image, no substance, and way over his head. He needs to step down before he wastes any more money (DILUTION) on useless junk.
Also, FIRE didn't choose to not "get on the hype train", they were flat out ignored by investors because big money can see Fowler is a neighbourhood pot grower, who just happen to fall into his position with ZERO merit.... Trudeau of the cannabis world indeed.
Pedal2themetal7 wrote: I like what the company has done lately, and hope they won’t feel pressured to list on a major US exchange. I hate to utilize OGI at times, but they gradually built the company , and from 2017 to 2019 shown steady growth,and once they were on a strong foundation graduated to Nasdaq. A company entering the US exchange on shaky ground, won’t get any traction, and risk delisting. A number of investors believe it is a magic cure, and it isn’t. Supreme didn’t get on the hype train, but instead is building a long lasting company. With what I see at the moment, if grown organically, we could see $4 to $6 by Spring of 2020, giving the company time to strengthen their balance sheet, and by then earnings will reflect growth, quarter after quarter. In past posts I mentioned SP on numerous occasions, I only want to see the SP reflect it’s current value, and steady market reaction. If they are truly what they are advertising, the SP will catch to the earnings.
i was one of the impatient investor, due to my lack of industry knowledge, I believe 2020 will be a stepping stone. IMO