OTCPK:SPLID - Post by User
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LiquidOctopusV2on Aug 21, 2019 8:45am
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Post# 30049641
RE:RE:Aww Snap - We're gonna be rich soon!
RE:RE:Aww Snap - We're gonna be rich soon!The stock is down. The company has been establishing itself as a major part of the California cannabis market. The price volatility has been tough to weather. Big things are happening in Southern California.
And, how big is the market in California? The biggest in the world. Larger than Canada. Larger than Germany. NH has to demonstrate its success within that market before we'll see the share price increase we deserve. But they've had a consistent plan for California for the past 18 months and increased Calyx's revenue in that market by over 7.5x. This is not some stinker. It's a rapidly expanding company.
A few people here talk about it like it's some old sleepy company that isn't ambitious (Geod) or is circling the drain (Tundra). Those arguments don't hold with the material analysis of what they're doing or how rapidly they've created a large revenue stream. They weren't able to deliver on some LOIs, most of which were fallout from the lost manufacturing permit in California. That has been a problem and the market was shaken. Now the market is sour on cannabis companies because of thing happening with several big companies. But, this will turn as it always does. And, it will probably turn this fall for reasons we've discussed (edibles legalization, US election).
BobbyJames38 wrote: I’d be lost for words if we ever hit .30 again ... never mind rich lol