RE:Things that make you go hmmmm...ChazBrown wrote: I'm up to my a$$ in ACB and plan to get in deeper as the SP drops over the next 10 days, and I have great faith in this company and it's plan, BUT, when I read stuff like this, it really makes me wonder how many people are investing in this sector with rose colored glasses...
"1,000 hectares of Colombian farmland. To put this in perspective, MacLean’s notes that’s “enough to yield at least two million of kilograms of dried marijuana flower per year, and as much as 250,000 kilograms of oil,” and points out Colombia’s natural advantages for cannabis cultivation include a warm climate, abundant rainfall and 12 hours of daylight year-round. “Factor in low labour costs and the company figures it can produce dried flower at 10 cents a gram"
This is from Pharmacielo.com, a privately owned company. This is the tip of the iceberg with regards to competition now and on the horizon, across the world...
I'm long ACB, but not THAT long... I'm hoping to double my money in the next 18 months and scat. Even that may well be optimistic since I got in at $10, not $2. I may well have to settle for 50% profits given the dilution, but that's another story...
Just be open-minded and realistic people... and don;t slam any and everyone who isnt whispering sweet nothings in your ear. read EVERYTHING, and be smart. If you got in at $2, you're already sitting pretty and should be laughing all the way to te bank, but don't think you can let this ride for years and years. It might not turn out to be quite that easy...
GL>
CB
Good thing it won't be allowed for sale by Heath Canada in Canada and will certainly not pass GMP for the EU. This is 2018. Not the 70s. Maybe they can sell it in there own country