OTCPK:SPLID - Post by User
Comment by
LiquidOctopusV2on Aug 09, 2019 9:30am
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Post# 30010395
RE:RE:RE:RE:RE:RE:Equity Guru
RE:RE:RE:RE:RE:RE:Equity GuruHave a look at a composite index for cannabis on the CSE and even the TSX. We're in a tough spot. The market sentiment on cannabis is wait and see, it's the summer, major news isn't expected until the fall, edibles in Canada and potentially commencing US legalization at the Federal level. The "blessing" and the curse of nutritional high during this recent market trough is that it was already so battered that it hasn't given up as much many others.
I try to stay focussed on the company's performance, which has actually been great over the last 18 months. Despite the issues stemming from the loss of the manufacturing permit in California, they've built a thriving distribution business and have a clear plan to expand it. The aquisition in Nevada can only add to this rising tide. There is good reason to hope that this is Nutritional High's worst season to be followed by better and sunnier days.
letsgetonthis wrote: still looking like we are in a major down trend !