Tweedlede wrote: Sarahsurfergirl wrote:
If you think this 12 million is to make edibles in the Hershey plant not based in reality. How do you expect them to pay 6 million plus burn? .
I actually do think they could easily put together an industrial kitchen to combine the extacts (they already make), into edibles. I can't imagine the whole thing costing more then 2-3 Million to be honest. I do not have any facts though to back that up. Just speculating in my head the cost of some small bakeries that package and sell their own products.
Sarahsurfergirl wrote:
Rise money again. Less people get burned the better I'd rather be realistic. Look how many pissed off people sold out when the Liberals won, we lost institutional investors as well. How many millions of shares are in pissed off hands now? After signing a deal @ 2.05? Every bought deal they've done the stock crashed under the deal price.
Nearly 20 Million shares changed hands in the last week. I am willing ot bet a VERY good portion of those trades are to NEW investors. Investors that didnt get burned by previous PP. For them, they are all buying and holding on a growing industry. The people that sold due to the PP are probably the previous investors that are wary. Lets keep in mind 10% drop is not that crazy either. A pullback on the SP is healthy after the 50% jump recently.
Sarahsurfergirl wrote:
What happens 6 months from now still no legalization the hype has died down and they're running low on cash again. How will people be feeling then pretty pissed off again I'd say. Canopy is giving themself a bad reputation with all the financing at high volume times.
Cash flow positive is coming closer and closer. You saw the 30% increase in patient enrolment numbers quater over quarter right? Those numbers were just released by HC.
This is not the old days of Tweed. This is a new stock, with a new market. People will hold. If they do not, they are incredibly short sighted. This investment is 100x better today then it was last Saturday.
The last time you went on ranting about this stock, you were going to sell at 1.80 and leave for good. Thats it you said, we wont hear from you again. Imagine how you would feel if you actually did sell and do that Sarah. Imagine how you will feel a year from now, when the SP is pushing 4 bucks.