RE:RE:RE:worst weed stock everWhile I agree with you that silence + no updates leads to the idea and thought that the company has nothing to show for. This is FALSE. If you speak with IR, or if you attend or listen to any of the media that they publish, it's EVIDENT that the company is extremely busy and there's many "great, surprising deals" that will be announced very soon. Give it time. Although/just because we all want every morning at 7:00AM to see "WeedMD is pleased to announce...", that's not going to be the reality. Let's look at a company that DOES do that. HVT. What's it doing now? It's not doing anything. I'm not going to judge the Capital Markets expertise of the company, but I'm going to bet that Kevin McGovern can atleast handle this aspect of the business correctly and know when the best time to open the gates is.
If you look at ABcann as a comparison, the company HASN'T EVEN RECEIVED their oil sales license yet, ALSO has been peep quiet about any almost everything, and is a few steps behind WeedMD in terms of medical contracts established, oil sales license, senior home connections, facility retrofit completion timeline, and pure outflat production capability. However, ABcann has had a huge run and it instantly picked back up on dips because they did a raise at $3.50. Only thing missing for WeedMD is that they did NOT do a raise at a super inflated price (I'm still concerned and confused as to how ABcann raised at $3.50, let alone how drunk those bankers were or how much b.sing there had to be on the client side to convince their clients to buy these shares when the company JUST saw that price for less than 3 days). So if you are going to question WeedMD, the same should be applied to ABcann, it's CLOSEST comparison, yet ABcann is up a significant amount every day. Each upward swing is 5x the size of WeedMD, and the downward swing is less.
In conclusion - put the emotions aside and recognize that a company has millions of things on their agenda and just because you think nothing is happening, it does not mean that's the reality. NO ONE had even the slightest thought that they partnered up with Technion in Israel, yet one day morning they randomly dropped the good news.
This company knows what they are doing. Just give it time and we will be awarded - don't forget, we are still MONTHS away from legalization. You can't complain about a company simply because you invested money in it and it did not go according to the way you thought based on your time horizon.
Out of all the stocks in the cannabis sector, as well as my plethora of holdings in the cannabis sector including high growth tech stocks, WeedMD is probably the LEAST of my concerns/worries and I'm not lying or trying to pump for myself, this is pure truth believe it or not.