RE:FireGood assessment leo, besides unparalled quality of which is paramount/ supreme in this marketplace and what is most often not the focus is the company and the business plan/ model....look at the balance sheets from WEED and ACB, that have been the main players in the industry for years now, from the start. You will see much larger volumes than FIRE in almost every area, especially in debt and net margins, of which are narrow at best including losses and the industry/marketplace is in it's infancy.
FIRE is in the opposite position, at ~2/3rds of full capacity now available and that has yet to fully supply/ sell to this capacity to be accounted for in it's financials. With highest yeild per sq ft, at the highest price per gram wholesale pricing for the best quality product on the the shelf they will be cash positive....and in a position to self fund 12-18mos out.
Earnings, net margins, profit/loss, growth potential, etc are the benchmarks for valuation of every company in every sector and today, at current SP levels, FIRE is among the top of the sector and while the rest try to survive FIRE's balance sheet will be showing solid growth in sales on significantly increasing net margins and little to no debt...FIRE is in a class of it's own on all levels, especially return on investment going forward, JMHO...Opt
leopold99 wrote: I finally met Jean-Guy, really chill guy and smooth as can be. I now
understand what the fuss is all about, he is a rock star! A little time on my hands so I tought I would write down why I think Fire will be a shinning star in the MJ bussiness. I was talking to a buddy who thinks when you make money on a stock you should just sell and walk away, profits in pocket. I wont be going that route for a little while. So I tell him the mj sector is about a few big names with astrocomical market caps, billion dollar companys with million dollar revenues. "One reason to sell" he says they will just peter out and turn into nothing companys. I say yeah but they where first movers and they might get there mojo on one day. They have long term projects and deep pocket backers and a lot of square footage to produce big volumes of product. They are in a to big to fail mode I tell him. So he says if you had stock in those big names would you still be holding them? .... Ahhhh, I think not, since I am a retail investor there would have come a time when the money would have just been to much to leave on the table. A couple of million still goes a very long way in my book. Ok he says, so just sell now and be happy with what you have. Hmmmmm I hear you, but now let me explain why I am still bullish on Fire. 1. Holding for almost 6 years and reading about the sector and learning a great deal about what is actually going on. Saw some companys balloon into giant money machines for early investors, was hoping for it to happen to me, Did not "choose wisely grasshoper". What can you do... 2. Getting back to Fire, the market cap is improoving with tangible milestones being reached: $ Product is second to none Fire is number one. That actually goes a very long way with customers who pay top dollar for the best. $$ Revenue is growing $$$ high probability of getting to Nasdaq or NYSE When we get to a certain level I will sell most of my shares and have a very comfortable second retirement!