TSXV:NSP.H - Post by User
Comment by
Rock34on Apr 27, 2016 9:43am
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Post# 24814450
RE:CBD is the only rescue for this company
RE:CBD is the only rescue for this company Im not sure what you mean by the companies only rescue? Last I checked revenue Q1 was up 250% over all of 2015 and sales are continuing to ramp up as we speak. One of the things that I love most about NSP is that the company is not reliable on one facet of their business, they are diversified in their product offerings and can pull different levers at different times when opportunity presents itself.
There is no question that the CBD direction was a major factor in the run to $1.00 last year during the “green rush”. Reality is though that the regulatory landscape has not opened itself up to this business yet. Sure there are other companies claiming they are in the business but none operating out of Canada with any reasonable revenue that I have seen (maybe Im wrong?). Im disappointed that the CBD business has not unfolded in a timely manner but NSP simply didn’t (and still doesn’t) have the capital to open up shop in the USA yet. The beauty of NSP is that they can continue to focus on business growth in their other pillars of business such as Natera, Pawsitive, CHII and most importantly HempOmega.
In my opinion HempOmega has WAY more upside to it then the CBD business at this point. HempOmega is truly a patented technology which produces a more complete, water-soluble, mostly flavourless Omega product that is applicable as an additive in an incredible array of products. There is a reason that HempOmega has been nominated as a “new ingredient of the year” but nutriingrediants.com and that the government has not only been involved and subsidized studies related to HempOmega but they have also provided Health Canada approval on the blends created for Laguna products. With fish Omegas being a dwindling resource which is barely palatable and the inability to produce it in anything other than oil form there is a huge opportunity ahead. Lastly, as BlazzingK said, the demand for CBD is growing but still not massive. Omega’s are something that EVERYONE is educated in and applies to all population demographics (and animals).
I always take it as a good sign when the bashers start to show up, its typically means that a nice move up is imminent within a few weeks.