RE:RE:RE:RE:ogi recovering like a champGreat post Elkinvestor.... thanks for posting the info........its funny u mention ACG..... those poor folks got shafted today..... not that many sure win plays out there..... i have playing these MJ stocks for the last few months..... back then everyone seemed like a sure winner.....now that the dust is settling long term growth is with these established players that are making money RITE NOW.........
ElkInvestorCA wrote: Nope.
Got an email from Investor relations today. I won't disclose it all for the world to see, but in part they have quarantined the affected supply. Most of it was not shipped out and they are working on resupply ASAP.
Here are a few quotes:
"As per your voice mail message: please note that a higher than expected volume of orders during the Holiday season reduced current stock significantly. We are indeed working to replenish stock as quickly as possible and continuously in the weeks to come. We will update our website immediately once it becomes available for sale to which clients are able to fill their prescription online.
We are also anticipating a series of brand new genetics in the new year."
"The volume of marijuana being recalled is over five different lots. Most of the affected product had not yet been sold and is now quarantined.
The Company is still assessing the financial value. Our priority is undertaking the recall in an efficient and timely manner.
I hope this information is helpful. Should you have any other questions, please do not hesitate to contact me."
Giselle Doiron
Director of Investor and Media Relations
35A English Dr.
Moncton, NB E1E 3X3
From this information I was able to discern a potential loss this quarter of about $100,000K in "potential" sales profit. This is of course based on my math, and the amount which I have heard from sources which was tainted. This is not a company ending situation. This is a hiccup, which hurts, but they did make almost 1,000,000 in profit last quarter - so a 1/10 loss due to something which could have been much worse.
If you are worried go put your money into a company with no proven sales record, massive debt, and only a glimmer of promise. (I.E Look at what just happened to ACG).
Anyways, I'm holding long so do as you wish on your own DD.
Have a great weekend everyone!