What will it take to get this train to start moving??2 days of GREAT news releases and NOTHING, no volume no increase in SP, nothing. 6 500 shares traded yesterday ??? what is that? 100$ worth of trades ? LOL
When will this company be comparable to it's larger peers in relation to market cap as well as stock price?? these are the very same companies who are bleeding exorbant amounts of cash each quarter with no end in site?
- Lifeist is bleeding far less cash (proportionally) than the bigger Canadian LP's, and will be very soon at a breakeven or even profitable.
- Has captured an incredible portion of the market share in the concentrate department in a short time
- Has expanded out into the neutraceutical department
- Has set itslf up as a leader in a niche department (concentrates), an area in the cannabis sector that is growing at a stagering rate
- Has yet to enter all provinces in the cannabis department
- Has positioned itself nicely with the ability to expand into new niches in both the wellness and cannabis department as well as merging the 2 industries together when the time is right.
- I see Mikra as being Lifeists strategic entry into the US, ahead of the legalization of cannabis there.
Consider Canada as a testing ground prior to the legalization in the US. The delay in the US is a blessing in disguise. It allows Management to iron out ALL the kinks in a small pond environment.
Yet here we sit at 6.5 cents with a market cap of under 30 million ??
Most all of these companies within the cannabis industry (if not all) were run by Shady people (crooks). Hence the loss of over 130 BILLION dollars of investors money within the canadian cannabis sector, that moeny is gone from hard working Canadians into the pockets of WHOM? this is potentially why you will find NONE of the original CEO's in the same positions as when the cannabis industry was first legalized in Canada (nobody will be held accountable). These very same people will somehow blame government for the rollout issues. The Gov. F@cked up a lot in this industry but they are definitly not the sole bearers of responsiility.
Disclaimer: as much as I dislike Meni's communication strategy most of the time and lack of transparency in some things, he HAS raised this sinking ship and has almost completely turned it around. Greatness takes some time, especially since, when he took over this company it was in absolute shambles because of the previous CEO and Director.
GLTA