RE:RE:Profit Taking Now in full swing!lifegoeson wrote: I am, however, disappointed that they don't have a commercial web site up and running selling cannabis products, they had the last 6 months to either build or purchase an existing e-commerce web site (of which there are many).
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Does anyone have a picture of their 3 tier growing system. My concern is that this is giong to be labour intensive, and when the big grows start in the US south,
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They are going to need much better promotion and market making implementation.
I was under the impression they are using their "puresinse" website for sales. There is already a section there to "shop". But it is still "coming soon" despite the sales license. Not a great sign. They already have a working website, but no product listed as of 4 days after the sales license. ANd rememember they claimed they were "ready to sell the day after the license". Kind of like how the license was "weeks away" (technically not a lie, months include weeks... LOL).
They are using a vertical growing system, not 3 tier. At least according to their website and CEO interviews. And their vert system is not estimated to produce as much per sqft as 3 tier systems are estimating for production.Maybe they are being conservative and others are not, but its over a 100% difference... so that makes me question their growing expertise compared to the competition.
I agree they need MUCH better promotion and investor communications. Very amatuer so far. Oil certainly has the highest profit margins, I love the cannabis oil sector. But it is hard to trust this company without major updates from management. Glad I cashed out Monday with a small gain!