GREY:CNTTQ - Post by User
Comment by
fmab011on Jul 09, 2019 11:08am
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Post# 29899144
RE:RE:Entire industry a scam and fraud
RE:RE:Entire industry a scam and fraudFirst of all, I don't own any shares in this company. I thought about it awhile ago but simply backed off and went with a smaller cap company and it's done nothing.
The only people taking a hit on weed companies are average people.
Not one LP is in the black yet and it doesn't look like it going to happen soon. However, Canada is way ahead of any industrialized nation in this sector.
Investing in an MJ company is a huge gamble and a lot of people have become very wealthy with a great guess. Health Canada will investigate but a criminal investigation might be coming and unfortunately, this scandal will paint all LP's with the same brush.
The Federal Government shyit the bed badly and drags its feet on licensing while the LP's have huge bills to pay. Trudeau can't balance his own budget. He has zero business sense.
Look what happened to Linton.....the board at Constellation wanted results NOW while Bruce was looking at the big picture and it cost him. He is a pioneer.
Only the strong will survive in this industry and CannTrust doesn't appear to be one of them.
There is a very good reason the institutions have stayed away from this sector. We have just seen it and now retail investors have NO FOMO. Let the carnage begin.