RE:Last Friday in July, License DayLicense news any day now is a legitimate expectation! And it will have a major, material effect on the value of MYM!
The license at Sublime completely eliminates the basher mantra that this company is just a pipe dream. License should be a catalyst for institutional investors to start jumping in, and create a major MYM bull run through to legalization and beyond.
And if you need proof, just do some basic DD. Look at the companies goals, both short and long term, and look at the progress towards these goals. Holdups with construction, restructuring, changes to management are all normal components that go along with an early stage company in an early stage industry. The mega MJ companies with their “hyper-inflated” stock prices have all undergone the and are still going through the same type of changes.
It cannot be denied that the MJ industry, globally, is going to boom, the next 5 years are going to be huge! Legalization in Canada is going to be the final piece of the puzzle that allows many other developed economies make the decision to end prohibition. Australia is next, I’ve said it before, its right around the corner, the next federal election there MJ will be a hot topic. And half of Europe is on the brink, just waiting to see the success in Canada, to make the final push. MYM has positioned themselves to be on the forefront of these markets.
The shorter’s and bashers who are trying to push negative sentiments on MYM’s progress are entirely motivated by the fact that they need the price to go down to make money. They are clearly not experts in how a industry develops through the growth stages, let alone on a micro level from company to company. Let them bash the management, the delays, the translucent information at times.
If you want to be long on an MJ stock, where the company has true potential that is starting to be realized, and is on the path to becoming a big player in Canada, and globally, then MYM is a prime option. Dig in, buy more shares at these low rates if you have the capital, hold on to shares when these bear days and even bear weeks hit. MYM is going to be a global leader. And if you have purchased the stock from any price, in my opinion, below $2, you are looking at 100% gains minimum between now and a month after legalization, and with the continued fulfillment of the clear goals and objectives of the company, even past the 1000% gains in the next few years.
GLTA
Long and strong!