RE:RE:RE:Rough short and mid term outlook....Well, MMPR has been around for 3 YEARS, if MMAR wasn't destroying the market, then why is there no revenue here as your claiming it doesn't destroy it? You should be a billionaire by now right? Unreal..
SquishyInc wrote: I'm sure it's been said before, but i'll say it again. Most CGC longs are speculating that Marijuana will be legalized. You believe that MMAR growers will take most of the rec business. I'm pretty sure most longs would respectfully disagree. I don't need to agree with you, while your dogged persistence is remarkable, we're at an impasse.
watchmeplz wrote: Exactly right. People think iam a straight basher which is not true. I'm a capitalist. I tried to get someone to justify how this company is going to make money in the future with the recent judgement basically allowing some form of MMAR to exist in the future. Have you all been with us for the last 3 years? MMAR completed destroyed and hampered the ability for MMPR's to make real cash, period. Recreational markets wont matter if the customer is still travelling to the MMAR market to grab their supply, like they have been for the last 3 years. You guys can say the government won't allow this and that, whatever.. the government didn't want the MMAR back in 2001 and look what happened?! The government wanted the MMPR to be introduced and look again. The amount this company has to pull in to justify a 300million dollar market cap is insane! Even if you constantly have 40% YOY growth, your having constant dilution/ebitda shortfalls for a VERY long time. That new facility, do you realize how much it costs to keep it running? Its huge! The reason why they built that is because they realised how much productions costs have got away on them and need to reduce costs somehow, only leaving greenhouse growing as an option to avoid artificial expensive light. Who smokes greenhouse anyways? No one, leaving a whole problem by itself, same problem supreme will face too. When the truth boils down to it. Don't be jaded, you guys are kidding yourselves. Prove revenue, quit with the promo. period.
brentkosta wrote: Great company with great scalability. But let's be serious here, the sp is down 30% from the 52W high and down 15% in a month.
This is trending the wrong way....
this will fall below $2/share in a month or 2 IMO.
Without rec, this is a bag holders haven. Rec is so baked into this sp that it's a very dangerous game. I see big trouble with the gross profit...or lack there of and do not want to see what type of dilution needs to come to pay the bills in the future.
Hurry up rec!!!!