RE:RE:NewsEverything is on schedule. I have spoken with Terry numerous times. News is great, but if you start putting out small updates bi-weekly, the updates start to lose their meaning.
The next major update is going to be licensing for Laval.
Weedon, we should expect, is moving along right on schedule. And furthermore, we should expect that they will face delays at some point in the process, which is par for just about all major construction projects.
Legalization is expected to be in July, even that could be delayed. If we look at July as the time where we want a few crops of product to be ready for shipping, everything is right on schedule for MYM. No point in rushing the process. Take each step in due order, and keep working towards the timeline which has been planned for.
Now that MYM has gained more credibility on the pot stock scale, these daily peaks and dips are exactly what we should all expect. And for those newer investors out there, don’t start thinking that every time a news release comes out, the price should go up. We are past that stage now. News releases, even when positive, are more than likely to have a negative effect on the price.
We need license to be granted, phase one of Weedon to be constructed (and subsequent license to be granted), legalization to be set in stone on a specific date, and revenues to start showing up on the income statement/positive cash flows from operations/cash on hand. The goals of MYM management, and as an organization on a whole, is not to make the stock price go up every week with little meaningless news tidbits. The goal is to build a company that can sustain itself in the emerging MJ industry in Canada, and globally, and become a major player in those respective markets, as they emerge.
Invest based on the bigger picture here. The last 3 months have been awesome with this stock for me, and for many of us. And there is more to come. You need to set your expectations, and don’t look at this like betting on a horse, and get disappointed every bad day. This is a company poised for growth in an emerging market, not a lottery ticket. The company needs to do well, and the stock will follow. The stock is not the managements #1 priority, it is a subsequent opportunity that improves as the business itself improves.
Long and strong, GLTA.