RE:RE:RE:RE:RE:RE:RE:NEWS For all EAT's false starts and issues getting things going, in this game you really only have to be right once. For them, becoming effectively a distributor (that will ultimately allow them to provide a healhty platform for their products) in the most populous cannabis state in the US rendered their foibles moot.
You're right, it wasn't rocket since to buy a pre-fabricated business but why didn't anyone else do it? They were smart enough to recognize the possibility and seize it.
This decision vaulted them immediately into the same rev category of companies like OH who had been clearly running things much better than EAT but who cares, we immediatley hit their revenue stride at about the same time. They took a long time in that lineup so to speak and then they leapt to NCB rankings in a blink.
So you can be one of those backwards looking investors and that will help you or anyone .how?
The only thing I care about is what can happen NOW going forward. We're a distributor with other interests and I'm fine with that, it's the prime reason to hold.
If we can now close: Nevada, get some interests going in Asia, Canada, Oregon, Washington State....well we could have a pretty powerful 2019 year.
That's my super hot take.
HandyAfterall wrote: LiquidOctopus,
love your name. You make some good points, but I believe you’ve got some seriously rose-tinted goggles clamped to your face. Not everyone with concerns about eat is a shorter. Particularly for those of us who have been here for a couple years, there are very valid concerns about eat. You seen to discount all their failures, false starts, double-backs, etc as being unimportant/insignificant or as being growing pains all companies go through. They are not.
I’ve invested in over 20 marj companies since 2016; without question, eat has been the most disorganized and failure-prone of the bunch.
I feel confident that the lack of interest is due to the fact absolutely not a single endeavour eat has undertaken on its own, has come to fruition. Calyx is great, but it’s the equivalent of buying a subway restaurant with processes in place...
how many companies have gotten going in Colorado since 2016?
how many in Oregon?
how many in Nevada?
how many in California?
the only “success” eat has seen comes from acquiring a well-setup company in California. That’s good, and I’m happy they got calyx. But it speaks to management’s abilities that ain’t nothing eat is solely responsible for has worked out. Some of it has been straight-up embarrassing (Colorado, the first Marley deal).
Havefun,
handy