Stick thin interest for nowIt's unfortunate, but it is quite clear that this stock is lacking interest at the moment. Considering the companies fundamentals, it feels safe to say that if management had more past performance that inspired some confidence in their ability to execute their business plan, this stock would be much higher.
For months I thought that the COO would be the catalyst that started moving this stock significantly higher, but since being issued, their share price has actually declined. Shows how much I know.
It does appear to be the case at this point, that this stock isn't going to take off on speculation. LDS is going to have to start producing and making sales before the market will start paying attention.
That being said, I'm still optimistic. A fully liscensed producer that meets all regulatory and legal requirments for producing in a state with 30+ million people that's a few months away from legalization is going to be hard to ignore forever. And the timing could end up making us thankful for past delays.
If they start producing in October, and they properly use their marketing campaign combined with news releases (which they supposedly have many of from the past several months), they could generate some nice price momentum to carry their company into the new year where recreational gets legalized.
It feels like I've been thinking this forever, but hopefully this company starts living up to it's potential very soon.