RE:There is no growth here. Completely disagree with you. Your first argument is that since the market cap is very low, the market must see no growth with the company. That really doesn't make any sense. As the company and the market-potential grows, buyers are willing to pay more and more for shares, and sellers ask more and more for their shares, which in turn grows the market cap. Surely I don't need to explain that to you. Do you prefer to wait until the market cap is $100 million or $200 million before you buy? Personally, I'd rather buy when the market cap is low!
You argue that the franchise model is not a good investment. I disagree again. The franchise model reduces cost and makes it easy to expand the footprint fast. Though I agree the provinces have been slow rolling out retail, this is just temporary while supply ramps up. On top of this, the company isn't franchise exclusive - there will also be corporate store locations opening soon.
Also, if it's 'full of dumb money', why did HIP, TLRY, and XLY all put millions of dollars into ISH?
See you when we cross $1 when you're ready to start buying! Good luck.
mtd121215 wrote: At a market cap of aroudn $40 Million, it is clear that the market sees no growth with this company. A franchsie model that only generates a lot of money if you have a lot of stores in a regulatory environment completely controlled by the provincial bodies.
A Watch/Cannabis franchise company does not seem like a very good investment in the marijuana space. A lot of money just sittign and not working here.
Follow the growth in this sector, whether it be in mid sized LP's who are really showing some great Q/Q sales growth or MSO's in the U.S. where the recreational market is coming online in new U.S. states every year.
ISH is full of dumb money.