RE:RE:RE:RE:Wasted moneychrome2017 wrote: Agreed. Nobody can tell me what they do well? Cultivation... nope. Extraction... not even close! Branding... def not. Not sure how they win. It's great to have an large outdoor grow, but this is Canada. That will be low quality, low yield and only 1 harvest per year. Which means without expert extraction, it is useless. Let's be clear, they are like most Cdn companies, and lack extraction expertise. Go get it.
rad10 wrote: chrome2017 wrote: Complete waste of money. The focus should be on building a business. No focus here.
Raiders11 wrote: Read a pump article yesterday about Alef,they paid $8000 for it,I would have did it for half that,looks like it didn't help price today.
exactly. The only other company that I have researched is Nobilis health a classic US based scam on naive Canadian investors. A good business will sell itself. This is not a good allocation of capital.
This is Canada? I'm not sure if you're aware, but growing in southern Ontario is a pretty brilliant play. Fair climate, good auquifers, cheap natural gas if you have the cogen plants. Everyone's so hyped on Cali-bud, meanwhile for the last 50 years most Americans I know of want them BC buds. Southern Ontario has more than enough time to grow 2 crops of auto's. Or an ample window to grow some massive Photoperiods. Last year I had friends showing me pictures of their plants poking over their 10ft shed in the back. And they arent even as far south as AH. Regarding allocation of capital. I think even most of us longs can agree that 8k a month on the two articles 420 puts out is a bit of a waste. But at the end of the day its a small drop in the bucket, especially considering that unlike 90% of other plays we're EBITDA positive already. I understand that doing good will get you your share of haters. There will always be crabs in the bucket such as yourself who cant stand to see the underdog beat the reigning champs, but welcome to reality, where everyone buttrushing the greenrush raised a pile of capital to build big unsustainable facilities before realizing that if everyone does it they wont have an edge, or the capacity to offload their lesser quality product. Imagine for one second if the big boys didnt spend hundreds of millions on garbage like Aurora sky, or Hexo's fiasco, where even with the airscrubbers they have piles of complaints of smell coming in. Thats going to be a massive overhead costs replacing filters semi-annually and maintaining those units. And... Correct me if I'm mistaken, but almost every major has mothballed facilities to some extent, if not spend many millions to sell them for pennies on the dollar? I think we'll just quite well in our
right sized' facility.
And regarding branding... How can you tell who's branding is better, let alone whos is sub par? Especially on the Adult rec side where everyone has to play in the same restricted parameters. Frankly, people arent going into dispensaries and looking for flashy colored containers. But it was a nice try to knitpick that. Cultivation??? We'll we we're the best yeilding company last year and we we're working with half the size of some of our compeditors... So I would have to say nice try again... And expert extraction? Is that a thing? Its a predominently mechanical process... So what, do you want a few folks to sing to the input material as its being processed? How about Ianthus??? They're #1 in most extraction related material since they bought out MPX for their resins and shatters and we're doing quite well getting their vape cartridges on par... They're in the US... Oh shoot, thats right, their 196m debt came due and they defaulted on their debenture payments... Now they're in limbo, cant produce last years audited financials, and a few weeks away from chapter 11 and selling the company for pennies on the dollar. Guess buying all that amazing American expertice didnt pay off, left them with hundreds of millions of goodwill, and did sweet fk all for them in the long run.
What was your last jab? Low yeild? We'll partner. The yeild is MUCH more than indoor or hybrid plants, yes at a discount to quality. But again, the extractor machines dont judge. And when its grown at less than a TENTH of what you're competition is doing for a hybrid facility, who cares...
But all good attempts at muddying the waters.
"No time to get down 'cause I'm moving up
Ah, ha, check out the crabs in the bucket."
AH Long babeh