RE:Something Bruce said troubled me during the conference call.Cannot stress enough the importance to attend Expos if you are able to. Every CEO then (May 28) said the same thing ... need to buy NOW expansion capacity then need to BUY in 2017 the seeds etc etc .... two or three harvests before legalization.
Charettm wrote: He said they are not cash flow positive because they are ramping up for the legal market and he wants to have enough inventory to supply tweed products throughout Canada. I'm not sure about this strategy considering all of the other LP's are also ramping up production at this time and the market is going to be pretty over saturated. LP's are probably not going to be allowed to advertise (keep the children safe) so why is Tweeds brand going to be so much better than the rest? I'm not sure that posting snoops doggs face on all the packaging is enough to gain dominant market share. At least mettrum has a hemp line so they can legally advertise and help to brand their product. I really don't see where the 5 mil net loss went. Extremely disappointing results this quarter. 16,000 patients... Big deal how many of those are actually active and haven't moved on to other LP's.
It pains me to say this as I have a lot of my hard earned money invested in this stupid company.