RE:RE:RE:RE:RE:RE:RE:Board member's thoughtsI started buying post split and when the SP was low, based on the proposed 'premium' quality and the business model/ plan, the sungrown hybrid was the best possible balance for our climate and doable....with the MJ sector a guaranteed success and legalization still a ways away I thought at one time I would try to hit a million shares if it stayed below $0.20 hoping for most closer to $0.10, of course it didn't stay there and didn't quite hit my share target. Fully prepared to move out of SL to elsewhere in the sector, that first $60mil from Canaccord et al with the business plan not intended to start generating material revenue until legalization and then sampling some of the product on the med side, I ended back up to my higest share level and have stayed there.
I have always felt they should have had a jag in the vault and most of the existing facility under crop for legalization day but with the gong show with roll out across the country they may actually be that far off if the 85- 90% under crop by the end of the quarter...I have spent many years in on site project management and while not being able to see the work, besides a few pics here and there, they have been closed in for some time now and there is no reason why they shouldn't be close to, if not complete by the end of the year.
The US could legalize, Trump is anti drug so maybe only med MJ to start but like anything else we will be able to compete pretty well anywhere, as long as they don't try to bite off more than they can chew.
With what appears to be all the cash available when they need/ want it I am not overly concerned with the current SP levels, albeit am always up for more green and the sooner the better but they are not behind as long as they are where they planned to be by year's end...short of a total collapse, even at current levels there would be a much better return than bonds oil or metals, etc. But I still plan on selling for minimum of a triple or a quad from here, JMHO....Opt
Diemannschaft wrote:
I have to agree I bought supreme pre reverse split. I made good money on them but sold 90% of my position about a month ago and started investing in US plays along with more aggressive Canadian plays. Can't fall in love with a stock especially if you keep having the same argument. I always thought supreme would pull it off and be at the forefront. Why haven't they expedited the build out? Why are they not in Europe? I'm a project manager and if we are behind on a project we throw money at it to get it done in time to collect the revenue. Big mistake on Supremes part. Poor execution point blank. They should have been ready for rec. I was very disappointed. Moving forward they are going to get swallowed up as soon as the US legalizes on fedearal levels. The amount of money and aggressive approach that will take place from south of the border will shake the canadian market. Save this post and mark my words. I believe that big beverage and tobacco is waiting to see how US shapes up regarding feds before they make investments. The big money will stay on the US side and explode the market. This being said.... I still hold a position but I've learned a lot along the way about MJ stocks and how to evaluate success. Look how much product is available... The ones with low cost production are going to win this race. It's the big fish in the pond that will swallow the little fish..... GLTA