RE:Lib does look sadTo be fair, Bliss lost about 50% from March highs in the mid .60s. At least they got that oils license today. The float is around 100 million,
I admit i sold out of my big lib position in the early winter and spring. I have since been building a smaller position in the .22-.25 range the last few weeks (I did pay the asks this am at .22)
Every weed investor is likely a new investor, and you have to realize that if you get 7-8% annual return that is considered average. Tell me one weed investor that didnt make 400-600% in the last year or so? (Unless they just jumped in)
I actually love that lib is being slow and methodical, and that all the people leading the different departments/BoD/Advisors all have real cannabis experience.
I would rather they spend their capital on building something that will generate revenue, than say a sexy IR to pump this one up.
The typical turn around rate for cultivation AOR to license has been 2 weeks. I am hopeful that this is completed by september and the industry gets some much needed fall publicity before legalization.
From there, I'm not sure if their application for NR was shuffled back when it was amended for oils, but I am confident if they can get a license for JK that one for NR cant be far behind.
If this falls below .2 I plan on buying again, and at least riding it out until Nov.
GL
BTW been spending more time on reddit and CEO..less bashing/crazy talk.