Message for LONGSI had a concern re Cash on hand and the burn rate. I took the time to address this with IR recently and I personally feel reassured. The following are just my thoughts based on my DD - both from the conversation and doing some “detective style” research (the internet is a wonderful resource).
Yes they have a shorter runway now as do many companies in this sector. BUT they have options and it sounds like they have a plan – I am not privy to the details but I read an article last night where many companies in this space are utilizing their real estate assets to secure debt financing. So I am hopeful management would pursue this over dilution at these Shareprice levels. They need to secure sufficient debt financing to get to positive cash flow – which IMO is not that far down the road. We will get an update on this with next financials. IMO
There seems to be a “negative campaign” on this board with misinformation and absolute lies. For true investors, take the time to do your DD. Call IR and get your questions answered.
Duncan is proceeding and that will add more revenue potential soon.
Lucky Lake has had some delays by the sounds of things. Partially a decision by management to curtail expenditures I think as the required amount of cannabis flower has softened. Just look at the writedowns by some of the other companies = they can’t sell all they are producing and have to destroy it. So till the "legal retail buildout" materializes and the demand for legal bud increases it’s not as big of a concern IMO.
Satipharm is proceeding on a Global rollout. Should be released in NorthAmerica within 2020 IMHO. Likely need some time to receive/setup the required equipment in Canada and to obtain approvals by Health Canada and the FDA for the U.S.
Dreamwater is available in more locations on shelves – I recently have seen it in Grocery stores at checkout lanes very prominently located at eye level in the Southern U.S.
LivRelief should soon be available with CBD version I think – topicals are an important delivery method for pain and inflammation and a preferred method for those that won’t smoke/vape or ingest pills.
HVT has many advantages with their “CPG” products to generate revenue in the health and wellness space….they are much more than a cannabis company – these are the things that made me an investor and I continue hold long and strong.
GLTAL