RE:RE:RE:RE:RE:RE:RE:Who heard the man say Pinecone?I watched the AGM video, it was really good to watch - anyone reading these posts is obviously interested in the company, so I highly suggest to watch that. but I really wish they could have put up the video of Q&A portion. anyways from my understanding, there will not be any further operations in Canada at least in the short or medium term. In the video they spell that out pretty clear. they are still in discussions with health Canada to close the file in an amicable way, that would leave open the possibilty to "one day" have cannibis business in Canada again.. but not anytime soon. for now all focus on getting out of creditor protection with as much cash as possible, rebrand, and then full steam ahead with Nevada and Oregon.
From an investment point of view, there really is no limit on the upside here. I'm not saying it's super likely that everyone will get their money back.. but it all comes down to the team's execution on their plans. If they execute well on their plans in Nevada and Oregon, then look to expand into other states as they begin to legalize over the next few years, Ascent could grow into a very large and profitable company, and no one will remember they ever gave a duck about health Canada license. In that scenario, all investors could easily get back into the black and even make big profits.. it's also possible that they totally duck up and go to zero and everyone loses their money.. probably the second outcome is more likely.. but it all comes down to execution.. if they hit their shots, the sky is the limit.
personally when the shares do hit the market again I'm going to buy some more.. not a lot more.. but I will buy some if I can get it around .10 or hopefully much less than that.. not because I think there is a huge chance this will turn around.. but there is a chance.. this was a gamble to begin with, and I"m down pretty far, but now the only way to have a chance to come back is to double down.. and maybe the stock makes it back to .30 and I get the duck out with even money.. anyway that's just my plan, not saying it's a good one..
good luck!