RE:RE:RE:Competition in Phivida?Alright, I called Phivida and they told me that they don't think they'll have product available until March. They are still in the development phase, so they actually have no tried and tested product. He specifically said they are not looking at stores like 7/11, but more into health stores, with Whole Foods being the brigthest star they are trying to catch.
I asked if THC drinks would be in their future and he said he couldn't disclose that... It's probably on their minds, but likely a long way from happening. They had $335k in revenue last year, but it was all from hemp oil extraction that they would sell in bulk to customers. He said they do not grow the hemp, but purchase it from a supplier.
All in all, I was a little worried at first, and was thinking of hedging my bet by investing some into them as well, but after learning what I did from our conversation I won't be investing in them at this time. There is probably plenty of room this can fall before it becomes attractive. Nice board of directors though.
BaconIsBad wrote: I did some more digging and saw they had revenue numbers last year, but only from selling hemp oil in bulk. I tried to see if I can order from their website but ALL their products are "coming soon" lol... Looks like they jumped the gun on this? They don't even have product to sell? They certainly have nice packaging though. I'm confused.
Branden0615 wrote: Tinley has a patent on putting CBD oils in microscopic micelles to eliminate the bad taste. I wonder what this company is doing. Either way, at this point competition can be good as it validates our product. Others want it. That’s why the constellation canopy deal was the catalyst that got us past 0.30 cents at the beginning of November.