RE:RE:RE:RE:RE:Q2 Highlights are impressiveSorry, I should have clarified, I didn't check out your Facebook Post, just referenced what was copied over here on your post on Stockhouse.
I can't fault anyone for having faith in a company for whatever their reasons are, but I just hope others do their own due dilligence when buying. I'm trying to be a slight voice of reason to some of these pumping posts. I like to think i'm a thorough investor and instead of looking at the pumping (whether it's forums or the company's own media team), I like to also look at what sets the company apart, how they spend cash, and is their current "strategy" sustainable. Looking at how much money Westleaf is burning through on top tier management, and personally knowing someone who was hired (buddy of a buddy) who has absolutely no experience in sales, management or any real business expertise... But commands a huge salary/benefits/expense account because he's a long time friend of "someone"... It's just not sustainable.
Look at their Management Team and then compare that to a powerhouse like Canopy, or Aphria. The numbers alone should elicit a few questions.
I'll admit, i'm familar with 2 other MJ companies as the industry is fairly tight knit and the above is not inclusive of Westleaf... It happens elsewhere as well. The fortunate thing is one of the other companies i'm familar with has brought on people from outside "the group" who have legit experience in running a successful business and they soon identified all of the wasted cost of these fluff employees. The sooner Westleaf can bring in their expenses, the better. Their current burn rate isn't sustainable. It's great they're posting their financials and "revenue", but they're spending sooo much money on unneccessary expenses. Heck, even if they Amazon'd it and burnt through cash on expanding the business for the future, it would make sense, but a huge percent of their expense is Admin/Salary/Travel/Expenses. How do you (in good faith) position that to new investors as a good use of money? The perception of BMW's, Mercedes, "business trips"... Put some of that back into the company.
SoCalLife wrote: So they're good enough to buy @ .25, but not good enought to buy at .32??
Cool dude..... cool
You maintain your stance, and i'll maintain mine. Buy good companies at a fair price, not buy fair companies at a good price.
First @ reporting revenue, and you're panicking like they're not going to get to the finish line.
F'kin right's i'm pumping. They're new, i'm in cheap, and they're killing it!! Appreciate you dissecting my posts, and being a fan of my facebook!! Good to know I have fans!!
I, however, have no clue who you are, but feel free to reach out and I'll stalk your social media too.