Just a little patienceI purchased some at 0.175$. I know that some of the longs like 1Hornet are posting negative comments due to their lack of understanding.
The cannabis sector was at one point overrated from the expectations point of view. Lots of late investors may have lost money. The black market will be defeated. I know lots of people (in Ontario) who are purchasing from the Ontario Cannabis Store. In my neighbourhood Canada Post is doing double runs and I see their delivery personnel every day. Lots of these people may be new customers. Surely some of you guys know that this was a choice Christmas gift.
Cannabis 2.0 is upon us. I for one find the edibles to be excessive. The vape pens would be a good addition. I am a medical user of CBD's and I do not smoke. I use the Free Oil lfrom Aphria and mix a little of their Unplug Oil. I also apply it by rubbing it to the base of my skull for pain management. I no longer use narcotics for pain management.
I know and understand the medical applications for both the CBD and THC oils. From this perspective I know the potential value of cannabis.
For those who wish to get "high" the best value is the Redican Oil that contain 30mg of THC per mill and sells for 55$. That is the best value for money on the market
I am also seeing much lower prices for the dry stuff at on the OCS site. The prices have been falling. Companies like Aurora, Canopy and Hexo will be forced to reduce their prices if they want to be competitive and retain marker share. Zenabis is well poised on this front. That makes this stock a good buy.
I have to speak about the Rights Offering once again. It should not have been at 0.15$ but that was the main reason why I invested here. I got in on the ZENA.RT on a pretty large scale.
I understand predawn point of view and I know that he has a large position here. I respect his move to average down by purchasing 165K @ 0.018$. That is a ballsy move. I admire him for that.
There is talk about the refinancing of Zenabis debt due around June this year. Remember Vincent Quan has been retained as a director. He is experienced in financing, he exercises 258K Rights, and he is associated with Ocean Spray (and they may be on watch for a cannabis partner).
This is a great time to enter this play for a 10X opportunity
Below is part of an earlier press release:
Mr. Quan currently serves as the Vice President of Finance for the Richberry Group of Companies, a national agribusiness enterprise with operations in British Columbia and Quebec, and Canada's largest grower-owner of Ocean Spray Cranberries. With over 17 years of experience providing effective financing structures with engaging mid market companies, he has extensive knowledge of the North American agriculture and greenhouse sectors. Working previously for Farm Credit Canada, Canada's largest agriculture lender, he oversaw a team of lending professionals across British Columbia managing a portfolio in excess of $1 billion.
In conjunction with joining the Board of Directors of Zenabis, Mr. Quan has committed to exercise 258,000 rights under the current rights offering.