RE:Cut Losses?CameronFerguson wrote: I think I might have bought at the wrong time. Do you guys think this one will go up soon or should I cut losses and try the other stock I have been looking at? Market Watch
This is my #2 stock and have been in it about 4 yrs. Good steady growth expected but this setback is definately affecting things in a neagative way in the short term maybe holding down the pps.
My #1 stock which I am more confident in is VCAN - Ventura Cannabis and Wellness which I have been in almost 4 years. More like VMD imho as it has less than 35 million shares out, positive cashflow, about 5 million in cash and so far debenturelike income from sales of its rehab businesses so far of approx. $220,000 per month for the next 3 years. Hollywood Detox business is also in the process of being sold and my guess is it will yield about another $40,000 per month over the next 3 years from the sale of the business.
Annual rent from the sale of 1 of the detox centers is $419,000 and I assume the Hollywood detox sale will net the same. Both properties are owned by the company and are highly valued pieces of real estate in fairly upscale areas I am guessing worth about 5 million.
VCAN is debt free and is a fully integrated California cannabis company with licensing now in place for production, manufacturing, delivery and you name it which comes along with its latest aquisition of Cannastar (subject to regulatory approval). It also have 2 recently aquired retail locations which have positive cashflow and is starting to build out new locations which will be sold as franchised partnerships.
On top of that the CEO Jacob Gamble keeps shareholders informed, has great communication skills and a CV to kill for. He also has a lot of skin in the game but not as much as Crawford. Don't get me wrong Protech will be a huge and steady winner - it is just going to take a while longer than I had hoped for. VCAN is in a sector that is much more exciting and I expect more immediate results. That is why my holding is about double that of Protech.