RE:RE:RE:RE:RE:RE:As Per GuidanceComparing BetaMax to anything in the cannabis sector is pushing the limits of the imagination Juan. Competition ate their lunch cause it was a new sector of "home entertainment" at the time and got a lot of push-back by the entertainment industry because they feared the concept of people having that kind of control over their own entertainment. Also the consumer had almost ZERO educational history to go on. In other words, the consumer only knew quality in that industry as technical babble... in the end, the ones with the best comercials won that race lol.
The cannabis industry isn't new and the consumer is very well educated, it's been around for thousands of years. people look for quality, always have, always will. IMO It's a pre-requisite for finding long term investments in potstocks, and compared to it's big LP peers, it's king of the hill right now as far as capacity to quality ratio goes.
ALL stocks are speculative, and the ones that get the most love are the ones that BECOME investment grade. As of last quarter, Supreme has 4 quarters left in the bank if they made zero income. They are fully operational and firing on all cylinders, with enough room for growth in their greenhouse, extraction, land ownership(prime) and packaging facilities. This company is an giant infant in a cash rich business, and although this pandemic has cautioned people from spending, it's been setting records for the amount of consumers moving from the black market to legal. BetaMax didn't win, but the home recording concept is still here and stronger than ever 40 years later... You can't stop social change <- Message to all you ACMPR license holders...
Permanent CEO + EBITA positive = "investment grade", if you ask me. They are $11mm away from achieving this, so tick tock lads... I'd rather sell into investment firm hands than buy from them, so keep working hard to push this down. ;)
HopefulJuan wrote: Remember the betamax. They had a superior product but the competition ate their lunch. Supreme is far from clear sailing. Speculative but no where near investment grade at this point.