Was this not expected?Geeze, I go out for one night and come home and I've missed like 3 pages of posts! For what? Maybe someone can point out what I am missing! Here is what I see...
We currently run a facility that is 55.2k sqft that yields around 7k kgs. They just went out and dropped 7 mill to add roughly another 5k kg of growing capacity. I appreciate it's not up and ready to go right away, but, it will likely be ready much faster than it would have been if we tried to purchase land, engineer drawings, attain permits and break ground on a brand new facility.
Did we not listen to an interview just before the Q2 release where Cam talked about they had all the cash needed for Sky as well as other endeavors. I recall people posting about what they were going to do with that money and who they might buy and blah blah blah.... Finally they put something out and say this is who and all of a sudden people are freaking out about further dilution!
This is what i have semi-expected all along. When a company tells me 75 mill is for Sky and for possible buyouts I don't think to myself who is worth 75 mill that they can buy, I think they will spend a portion of it to buy someone and a portion to build sky. Yea, we all figured it would be RTI. But how is buying a company that has the capacity to grow enough pot to pay for themselves in a year a bad thing? Especially when it's a company that is in the only French speaking province. Everyone knows how Quebec is, they want everything to be done in house, well, here yah go QC, we will employ your people and they will sell our bud.
We now have this additional square footage AND Sky is funded. We are also expecting sales news on oil in the near future. The sale of
One final comment. I understand that many people think they are going to make millions on MJ stocks. Don't get me wrong, I'd love to as well, but am I the only one that doesn't let greed set in and will be happy with 10-20% increases annually? I'm sure I have a post somewhere hoping to see this stock double this year. I believe it was to the tune of "393% last year I'll be happy if it just does 100% this year" and I will be, but, I will also be happy if I am up 20% by the end of the year. I understand this is a bad comparison, but, when I invest in a Canadian bank and I get an 8-12% return on the year, I am satisfied. Why is it that a few days of flat lining, a few days of ups and downs and it seems like everyone is losing their minds.
F-ck, what a waste of verbal diarrhea... I wouldn't have read all this if someone else posted it lol.