GREY:CBICF - Post by User
Comment by
blueboyon Aug 24, 2018 8:09pm
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Post# 28515907
RE:RE:Am I missing something about MPX??
RE:RE:Am I missing something about MPX??
MPX already HAS a cultivation license in Canada and the plants arrived last week at the site. They need to get their Sales license still, but that takes a bit more time. The license for Owen Sound is less important now that they bought Canveda.
The court case is a pain, to be sure, but Scott said on the last call that it was business as usual and that sales looked good. I am not going to worry about the court case until we hear that MPX themselves are in trouble (which I doubt will happen). Arizona has a nice little MJ lobby going on, and they will work to get this sorted out.
Revenues next week should be great, up quite a bit from Q4's $8 million (which was up a lot from Q3's $4.5 million). That kind of growth is astounding, and is far and away better than any LP is getting in Canada (in Medical) right now (including the big boys).
If revenues are as expected next week, I expect a nice jump in MPX, to put them back in line with the valuations of other US-based MJ stocks.
BB