For the new year one shoud consider a SMALL position in a high risk/ high reward company like this . Howevered you should do your oun DD and limit the risk exposure. you also need to be willing to ride the ups and downs untill Pay Day.
The pay off could be huge !!! and the risk is that it could not be.
DOPEY is a contemporary restaurant chain that is marrying its core business with high-profile, and high-valuation, CBD-infused products. The Company seeks to gain market share in the $780 billion restaurant and $23 billion hemp-based CBD market, respectively.
DOPEY’s fast casual restaurants emphasize some of the industry’s biggest trends. These include including offering sustainable, healthy foods for health-conscious customers.
Its restaurants include 5 Illegal Burger locations, a new Illegal Pizza location opened in 2019, and one Mexican restaurant. The Company has generated $1.8M in sales through 1H19 and could approach the $4M mark, by year-end, and approach $10M company-wide, next year.
The Company’s CBD products include CBD-infused flavored water, along with isolates (powder form). Additional offerings and flavorings are in the cards.
DOPEY is leveraging its role as a trusted and preferred source of healthy products for its customers to generate recurring CBD sales in the restaurants, online through its website, and via delivery in key markets.
Our price target of $0.17---a 7x increase from current levels, reflects current peer valuations for restaurant and CBD-infused product companies. On the CBD side alone, $5M in market value can be realized for every $1M in sales.