RE:GCAC - Medical MarijuanaPeople have been shouting that the SP is gonna rocket since March with every NR. It’ll happen but it’s going to take time and actual adoption. This platform isn’t even fully live yet. It sounds ridiculous when people keep calling it and it just not happening... yet.
InvestorGadgets wrote: I don’t understand why so many of you are attributing GCAC’s potential success to the outcome of recreational marijuana. GCAC is a MEDICAL marijuana company and therefore does not owe its life to rec MJ. Simple. This company is operating at a global level (Europe, Australia. North America) where medical MJ is ALREADY legal. Facts.
The Weed sector is down because the speculation period is over. 90% of all MJ companies have P/E ratios that have come from outer space. Show the money / revenue and the market will respond accordingly. Canopy did not open today at +30% because of spec. It surged because it received a 5 billion dollar investment.
As for crypto, yes it’s true that it’s in the gutter atm but half of those coins are useless and are nothing more than failed ICOs. CGT is an asset and serves an actual purpose in the medical MJ market. If the market determines that this has real value, then yes, our SP will rise quickly, and no CGT will not care about how the rest of the weed sector is doing. In no way am I predicting how the market will react to the token right away, but money talks. This is not your typical MJ play.
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