Bedrocan Cannabis Corp. V.BED

RE:RE:RE:RE:RE:RE:Just couldn't resist buying some more

[DariusDD]

clm128 wrote:

DariusDD wrote:
I know this is going to sound like “pumping” or naivety but I honestly don’t intend it that way.
To answer your question:  No, this is not the same company as it was a couple of months ago!  It is a much better company.
A couple months ago they didn’t have so many rooms approved; they were not producing domestically; their profit margin was much much lower; they were not projected to hit break even; and they were not in a position to add patients.  Now, they are! 
The pps should not be in the 60’s or 70’s any longer.  Instead it should be much closer to what the analysts recomend.  
 

i agree with you but everything you have mentioned has not grown revenues to date, but will from the harvest date forward. For that reason i say it is still the same company that has forgone a shift of assets and is now positioned to grow going forward. simply put it dosnt matter how many grow rooms are approved if your not moving the product. Ill say it ONCE again though we are now positioned for growth, Q3 and Q4 rev's were stagnant at about 500,000 which might happen for q1 as well as harvest took place in q2 but from here on out we should see nothing but growth and the pps should corrispond to that. I think the only thing driving this down is people wanting to see numbers on papper now, rember this stock was 1.20 on ipo day if you bought in then and haven't averaged down or traded occasionally your probbly pretty fed up by this point. 

also i should mention one thing that could boost q1 rev over 500,000 was the fact that the entire 240kg that was imported could have been sold in 1 quarter. since domestic product takes over in q2 there would be no need to make it last the year and turn new patients away as was the case last year. 240kg @ $7.50/g is 1.8 mil rev for q1 and part of q2 which would put us on track to break even by years end.

im not sure whats causing the market sell off but i am sure this is a strong buy and hold. looking forward 1 year + this will pay off, prehaps investors want to implement their money elsewhere in the meantime.

Cheers,
glta

This is a very good point. It's something I have considered before and I think it would've been a smart move on Bedrocan's part if they actually played it that way!