Painted Pony Pete Ltd PDPYF

Pot still has runway....5th inning

[Bever73]

Massive gains already but money pouring in for a reason...story intact ; once it is sold retail in both the usa and canada then it "normalizes". This is like tobacco or booze after prohabition...no? Taking the entire market off the dealers and legitimizing it....the HUGE question is how fast it will be commoditized and how will govt regulate permitting (supply) and what will be the effect on growth of convinience. That is what i am trying to figure out...what will the wholesale price per kg achived cuz profit margins are massive. Instead of.lazily discounting do some research...there is gonna be a lot of buzz leading up to legalization of recreational use in the summer. I think this story has another 6 -24 months to run (maybe longer) depending on "underlying fundamentals " beneath the frenzy. Pony is dead money for 18m unless it gets bought out. Glad i sold 2 weeks ago at 2.60avg and bought into FIRE. It could get beat down but pony goes down 6% day and this summer could get ugly if aeco prices stay depressed and banks start cutting loans etc etc .... Will say 2 things...pony is closer to bottom that top and mgmt should all resign. This current glut and pipeline issue is no secret. Mcap and ugr found a vehicle to "get out"....maybe they get back in soon or hold who knows. But mgmt are getting millions for mismanaging this co. FIRE: 2019 50,000 kgs a year x $5 wholesale is 250M revenue....no debt /huge margins/and growth runway in tact with hot money.... 100m profit = %5roi =2b market cap. Curent cap 600m . If you cant beat em join em ; sheltering my pony money for the short term will look to reenter....(which means pony will get bought out 3 weeks from now :)