RE:Call todayWell Birch1, You will be holding until 2020, if the company still exists by then. The profits will be sooooo small by then that you would be better to put your money in an MJ major, get a double or triple and go look at LGC in a year. There are no get rich schemes. Dont lose your money.
birch1 wrote: So, looks like Ducky and his crew are back with other names....Who cares.
As far as the call today is concerned, I have the following comments:
1. House of Hemp: We'll see what the update is at the end of the month. Seems like they are moving through the process and who knows. Perhaps they don't close the deal. This being said, at some point SA will legalize and allow grow for medicinal purposes. That's what they are doing.
2. Little Green Pharma. I like this deal and Australia is behind Canada. Austrailia is going to catch up quickly and you will see big gains in appreciation here. From my perspective, This is LGC's model. Getting into areas not yet fully tapped as Canada is.
3. AAA Quebec: This is going to happen and we will own 49% of this. No brainer.
4. Cash in the Bank: No more reason to raise money they have said. Totally cool with that.
5. New business: Further announcements coming
6. Jamaica, Etza, infused beer. all good with me. Frankly, in Jamaica, we are in a very friendly zone for export of medicinal MMJ. I'm totally surprised why some do not get this. Probably even recreational...Brand Pot from Jamaica...and, it will totally sell. This is a total win if they can pull this one off. This has been bashed constantly, but, telling you like in the LCBO in Ontario, do you not think the LCBO will try to maximize revenues while they undertake the recreational pot business. Of course they will. They will allow distributors who have rights to sell from all over the world. That is coming and that is what the public will want. They just don't want the Canadian grown stuff...They want to try everything, just like in booze. People here do not get that. the LCBO is already securing distribution centres in Ontario.
7. 2019/2020 projections...Frankly...all good and I hope they get there. They are being agressive and operating aggressively.
8. Risk. Although there was not much talk about this, there is always risk that things don't happen as planned. For me, the reward at this SP and where I hold is far to great to dump my position. I'm going to hold this for sure. There is no reason not to given some of the Canadian comparables. Everyone can do what they do and chose what they do. If you want to come here and bash something you don't own all day, every day...Go ahead. Free World.
Bashers don't just come here for no reason. There is a reason. Do I believe that while some companies just focus on Canada in the MMJ market that there is a better opportunity to reap way more rewards by taking this global? Yes, I do. And, I think many investors do. I'm here for the long haul and my gut tells me its not that long a haul.
So, believe what you will. You bought this for whatever reason you did. As far as this board is concerned, I'm not going to be responding much to bashers here and probably will just tail it back. there is good information in other places. They will say, I am gone....LOL....Lie. Good night.