The moment is upon us I think an important question investors here need to reflect on is if they are buying a stock or a company.
Those trading the swings are buying a stock. The longs that are holding are buying a company. Names like Plymoth Rock and Liberty Defence are building a stock with their news releases (aimed at building excitement for an upcoming PP, IMO, can you imagine how many rounds of funding they'll need to catch PAT) PAT is building a company which explaines the methodical execution with less media glam. (dont get me wrong I wish PAT worked the media in a more savvy way)
I actually think what we are seeing is our Canopy moment: although its not a direct comparison and one could poke holes in my logic try and see the over arching comparison........indulge me....
So
We are first movers with a real product in the real world with real customers about to break into broad distribution. (not unlike canopy of 3yr ago in the medical space)
Others see the opportunity and recognize there are other ways to deploy other technology to reach a similar goal (aka the flood of licensed producers with different growing strategies and marketing strategies, even strains: enter aurora, aphria etc...)
Many LPs cape to market ( not unlike Liberty and Plymouth Rock)
Some died, some grew and some got bought. Canopy was first mover with the best leadership and the broadest offering and they are still on top
They are teh blue chip of Cannabis
There might be money to be made with Plymouth rock and liberty but they are no Canopy, Pat is
Similarely, it should be noted that valuations in the MJ space have gone parabolic on the postential of the space not badsed on profits. Cash flow and contracts is driving teh valuateions. We could have cash flow and contracts by the end of ths quarter. The moment is upon us.
Share price is hard to stomach at the moment. The story remains unchanged. Steady hands and rememember, no risk = no reward:)