RE:Call with IRLook at it this way, CannTrust has a market cap that's over 20X THC's and yet have 0 sales atm while they may lose their license. So where would you feel more safe with your money?
OnionKing wrote: I had a really good call with IR
Reality is, it sounds like all they are focused on is expanding and getting product out.
Acquiring new stratas for grow rooms, getting THC Kiss ready for market and the Pre-rolled cigarette machine.
They understand the share price has seen such a dramatic drop, but they are also stronger now then when they were when the price was $2. Something has to give...
For reference, they are still working on the Kelowna property, and I hope, if they close that, things will really get going.
Truth is though, the mistakes has pushed them back, but this industry is still in its infancy.
Their goal is to be ready for the future, and that unfortunately could take time, likely months.
They are definetely NOT going bankrupt, that is ridiculous thought. They would not be expanding if that was anything in the realm of possibility.
For long term investors, you are right to be pissed, but if you have money in, maybe feel relieved that this company is making moves and others have seen the property. I am looking at taking a tour very soon, and I can report when I do.
Health Canada also does need to get it together, so many applicants, yes, but need a better system in approving requests.
Good luck to the longs out there. And for the skeptics, well you have been right, so good on you, but something going to give soon. Remember, when this price exploded, it can happen at any moment, don't miss the rocket ship!