RE:RE:Intelligent feedback plzequityanalyst1 wrote: good potential but its up over 400% from the summer ....after they changed there plan from greenhouse to new indoor facility im a little concerned ... im still holding shares but took some off the table due to the fact that the new facility is just at the signing lease phase and the plan to have 8500kg by september is way too optimistic considering permit process ....the reason i liked the duncan greenhouse because it was attached to existnng facility which expediates the application process from what i understand.
Long story short it can grow into its market cap justification but lets be honest this whole sector seems to move based on the momentum of Canopy imho
I personally think they will speed up the pace now to keep up momentum..
but the initial points from yesterday’s news release is reason enough that this will continue to grow this year, I don’t think it will double in the short term, but I can see this easily touching $3 in the very short term:
-- Retail sales to commence February 2018
-- Over 325 kg of dried cannabis currently in stock for immediate sale
-- Initial import license for Satipharm's Microgel Gelpell capsules received
-- United Greeneries as mainstage sponsor and exhibitor at Lift Conference Vancouver
GLTA