RE:RE:RE:FSD will move onThe kid thought tier 1&2 companies have all their sales licenses. Very naive.
Fact: 3 CGC farms still waiting for licenses, they even hide their cost per gram because their overhead is high. OGI is not pure organic, class action lawsuit is coming for them in a year or so. They are still learning and will fix some mistakes.
The industry is still too young and regulation has been the only hinderence why smallcap can't play in unfair competition.
Even CGC now change their vision to get into medical because it is way bigger market in TRILLIONS. Cannabis is not Billion dollar industry but Trillion.
25,000sqft still can push 1000KG $10m revenue/quarter. The one with sales license already struggle to do that.
cloinvest wrote: BlameOG wrote: It is to bad they are three years to late. 25 000 SF is all they have right now. LOL What a joke. By the time they even get their 800 000 SF up and running, all the other producers will be producing 1.6 million KGs per year.
That equals 3 million Lbs of weed will be on the market. There is no way Canadians smoke or ingest 3 million Lbs a year of Canabis.
With 1.3 billion shares I smell BANKRUPTCY is very close. Scam company, go buy Organigram with a P/E of 22. Which is lower than the stock market average. Sell take your capital losses and buy Organigram. it is a far better play
guttock_cp wrote:
Your missing one point though they are pharma and in it for the oils for medical not for rec.