Ventura Cannabis and Wellness Corp CVHIF

RE:RE:Hmm...

[choices9999]

So I ask again - selling 3 MJ products makes them a MJ play now? Nobody is concerned that they are selling the 3 MJ products at a 60% discount during their launching of the product? This spells out that they did not think this through thus backtracking (via the 60% discount). The are literally competing with 1000 of other products that are already established when they launched years ago..

mulligan2 wrote:
Masfortuna: Thanks for dropping back for a visit to the site. I miss your insights and wish that you hadn't bailed on the stock - even though your wisdom in doing so is supported by today's debacle. I am not sure if I am suffering from a Pollyanna syndrome but I wasn't as troubled by the news release as others. I saw the fact that the company is prepared to undergo the administrative hassle and legal expense of moving to the CSE as evidence that it has a concrete plan to undertake initiatives that might jeopardize their TSX listing but which the CSE is willing to tolerate. It doesn't mean that those initiatives are well thought out or will ultimately be profitable. But my reaction was that it was refreshing to hear that the leadership have examined the profitability in the addiction service sector and have concluded that the barriers are too high and that it is more promising to pivot into a business which drafts off of the dramatic potential in the marijuana market. I agree with some comments that the easy money in the space has been made and the mere mention of marijuana will not drive up a stock like it did in 2017. However, an alliance with an existing player or an announcement of a purchase of a player with some traction could turn CXV fortunes around. I am staying long just on the hunch that Mr. Heath and friends can pull this off.