OTCPK:WLDCF - Post by User
Post by
rodbharon Jan 28, 2018 2:38pm
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Post# 27450286
Future profits
Future profitsI am not down on ICC at all. I actually own the stock indirectly through Dundee Corp, which owns a large part of Union Group of Uruguay. But I don't see how ICC or any cannabis grower can earn high profits for any length of time. Ultimately it's just growing plants. Is there any other agricultural commodity that is lucrative for the producer? Doesn't it always happen that a commodity with high margins soon sees a rush of competition as everyone gears up their production? How can companies like ICC protect high profit margins? Cannabis is high value to weight product and can be shipped cheaply from anywhere in the world. Are there not plenty of places to grow cannabis to take advatage of high margins?
Like I said, I am not negative on the company, more so the valuation and expectations of what it and the other cannabis companies can earn over time. Maybe I'm missing something, but it seems like an important issue to address.