RE:A Tweet regarding NextleafSome people bash because they don't understand, some bash out of frustration, some bash because they have a motive. All industries go through technological changes. Technology transforms over time. Industry needs to look at many things to stay relevant.
It's not usual that someone like Paul Pederson would come along with a patented technology in his industry which reduces the workforce size required around but increases the performance and capacity in extractor machinery. If you look at the sector HMMJ I posted the other day, the market has spoken. Valuations were obviously too high, profits aren't there, large LPs aren't performing and now will require cost cutting measures to become profitable. The marijuana industry will be undergoing some fundamental changes to get to profitability. This is what it is.
People either get it or don't. Companies that evolve with technology move forward, others that don't change get left behind. Nextleaf has a slightly different approach...they develop tech around extraction, onset time.
When Nextleaf began trading last spring it was more than obvious that they develop IP around extraction, patents are a part of Nextleaf as is toll processing, research and development. Contracts will be announced in time, I'm confident that those announcements are soon but I understand people's skeptism. I don't expect anyone to take my word for it, the news will have to be in a press release in it's own time.
Nobody twists anyone's arm to buy Nextleaf stock or any other stock for that matter. An investor can buy into a company or not so what's the point spending time bashing a company. Like I said the other day, it's not Nextleaf's fault or Labs or Valens that the sector sold off the way it did. We all want to make money and when things got turned on it's head like the cannabis sector, anger and frustration happens. That's why I wish everyone well and I get where the frustration is coming from.