RE:RE:BELIEVE WHAT "VALENS" TELLS EVERYONE OR ...rghalifax wrote: Valens didn't waste time and money on big parties and empty promises.The company has delivered and then some imo,never over-promising,hitting new milestones...leading the way.I'm glad I found this company 3 years ago and they haven't let me down yet.Valen's is well positioned....the industry isn't dying...it's struggling to overcome a horrible rollout...those that survive will thrive)))
So true, and yet there are plenty of losers out there, who have been burned on other investments in the cannabis business, who would rather hang onto their losses, whining and complaining and praying that one day their losses might turn into gains if some sort of miracle occurs, like the first few days of 2018 when California legalized. Meanwhile, if they were smart, they'd eat their losses, take whatever funds they can reclaim, and buy this company's shares which are headed towards $10 in a year.
For me, I was lucky and smart, or at least lucky and not completely stupid. I was heavily invested in THC Biomed and seriously questioning if I should dump all of it. I poked around LinkedIn and I found an ex-employee of THC Biomed and sent him a message. He replied, we got into a discussion - he didnt have much to say about THC Biomed (and nothing good), but he recommended I take a look at a company (Valens) that he said was just "up the street" from Biomed in Kelowna.
In August 2018 I was planning a trip out west anyway, so I made a detour to Kelowna. I wanted to check out THC Biomed on the ground, and I also got a nice tour and introduction to management at Valens. That was more than enough for me to dump Biomed and switch to Valens. At the time the 2 stocks were trading about even, just over a buck or so. Today Biomed is at TWELVE CENTS and VLNS is over THREE BUCKS. And we aint seen nothing yet. Every quarterly report this year is going to be a success story.
Look at the stuation today. The major stock markets have taken the biggest hit since 2008, that's 12 years ago, and VLNS is still hanging in over $3. The current situation will probably get worse before it gets better, but a vaccine for coronavirus will eventually be developed, the pandemic wil pass, and then the markets will rebound. People will look back at this period as a buying opportunity.