RE:RE:RE:RE:Was anyone stupid enough to buy in at 1.00I don't always agree with geodcan but I agree with just about everything here.
EAT definitely bit off more than they could chew on multiple occasions. I don't mind the efforts to expand into high-value prosperous cannabis regions (ie. Nevada, Colorado), but the Calyx expansion in California should have come long before efforts in Oregon, or Thailand... Truly it should have happened about a year ago.
This boat, however, is not dashed on the rocks. The sp has taken a beating, no doubt about that, most likely due to the GT deal taking as long as it has. Fact is they have strong revenues with impressive margins with great prospects. States act would be the catalyst this company needs.
On a final thought, since distribution is their game, I'd love to see a stronger JV come together with between EAT and BUZZ. Aura's German distribution prospect could be huge, under the right experienced leadership in distribution....
geodcan wrote: You don't just make a move to the tsx. You have to qualify! Higher bar to reach. The CSE has the least impediments to get a listing and the fact that it takes less capital to get in means that it has a lot of failures. The CSE has become known as the Pot exchange because everyone with a greenhouse wanted to launch a publicly traded company.
The TSX made a fearful move and put in some rules about Marijuana listings are ok as long as the company doesn't "touch" the product. This was a fear response that the FEDs in the US could launch action because State and Fed aren't on the same page and the FEDs still view marijuana as being right up there with heroin and may or may not agree to let the individual States do their own thing. The US FDA just sent a warning letter to Curaleaf over CBD products that are coming with health benefit claims. They are very particular about companies going through regular FDA channels if they are making health claims, which is a long ardous and expensive process.
Legislating protective measures for investors in the greenrush and cbd business is going to be the launch of the biggest greenrush in the world. Even the SAFE banking act would swing the doors open for Marijuana producers to use regular banking channels instead of suitcases full of cash and would allow brokers and investment houses to be able to sell the shares of public marijuana companies.
I personally believe that this could happen a lot quicker than most are expecting and would instantly boost the prospects for all companies involved in this business. The rising tide raises all boats theory, unless the boat has already been dashed on the rocks.
Nutritional High is a victim of its own ambition, taking on too much, jumping at deals and announcing them as achievements and back slappin' everybody that makes an announcement as though it was a major achievement for EAT. That strategy creates mistrust and loss of investor confidence.
Full effort and resources to California to capitalize on our oil production. Let's get one State right before we try to take on the world. glta and dyodd