RE:progress report for October released today on CSE website
people are trying to get cheap shares PERIOD. There is no way this should be trading below at the very least .20. Initially, I was thinking to follow my downside trigger but F'ck if I do I may as well give these away. What you have just shared, thank you for doing so adds reason why to hold rather than be scalped and played. That being said I read in my local paper that there is apparently over production/supply in the cannabis crop and it is putting massive downward pressure on the cost per gram which was from my recollection around $10 but now with the glut $5.00-$6.50. Even so, mwms part in the whole thing shouldn't be affected as badly or if at all (I dont know if this is going on the basis of crop produced or being bought leased based on a cost), regardless there will always be crop waste needing to be dealt with in a more environmental and responsible manner. What will ultimately happen is all the smaller producers who cant compete due to knowledge of what the public wants on a recreational basis or on a medicinal one will go under and with it the over supply. Ironically, prior to legalization demand for products outstripped the supply side so stocks and company profits share value was way higher but now it is the opposite so as with anything else it seems like a race to the bottom until a healthy equilibrium is reached again...there was the same thing with natural gas. In any case, we have something unique as to my knowledge and it should theoretically be able to do better than people over supplying and cultivating cannabis and while it fits hand in hand there is a big need for contributors in the sector to do things environmentally and responsibly. Good one to hold longer term and if possible average down on. I will wait to see what the first quarter of the coming year brings but for people low balling on less than .20 at this point I am not the least bit interested in selling my shares to you.