R.I.P True LeafIt's with a heavy heart that I must announce the death of True Leaf Brands. The latest report confirms without a doubt that this company is going to Zero, and probably very soon. I personally have thought for a while that this would be the outcome for them. But I figured maybe they would have a little bit of success here and there, and delay the inevitable.. But that last quarter was rock bottom.. they release their new CBD treats onto the market, and their sales actually decrease 30%?? how is that even possible? their sales numbers were already non existent!!! meanwhile they've burnt through another $2mil.. I cant imagine it gets much worse... But it does.. they've wasted all their investors money buidling and licensing a grow facility that they still have no plans to use!! they tried to sell it, but seems no one was interested.. No partner / JV to mention.. so embarassing.. At this point Darcy can even see the wheels coming off, his comments about the "capital crunch" - ie no one wants to lend them any more money. also his comments about trying to "extend their runway" - there's not much time left.. It's hard not lay the blame at Darcy's feet, he's had a long time to right the ship, or at least control costs. And I cant think of a CEO who's gone farther out of his own way, to NOT promote his company when he gets the chance.. Pablo's post was pretty harsh, but I agree with the criticism, it's all well deserved... does Darcy deserve to be fired? of course he does... but unfortuately it's too late for that... this dog's already been taken behind the barn and shot...
one last thing before I sign off for good... where's yesimake it gone? he was the one kept saying this thing was going to $10/share ($1billion valuation), was it really Darcy all along? love to see if he is still singing the same tune now...
anyways good luck to all, and sorry to those who lost $ investing in this mis-managed pile of S*&t.. it's really unfortunate.. really hope it's not too much..