GREY:NCNNF - Post by User
Comment by
flamingogoldon Jul 06, 2020 9:45am
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Post# 31227879
RE:Drove by the farm
RE:Drove by the farmAppreciate the update. However, last year driving by and seeing towering plants indicated that the harvest was going to be a blockbuster. The opposite happened. Part was drying but the other part could have been quality. We really don't know. While driving to the site makes for good due diligence, we really do not know with certainty what the outcome will be based on what we "see".
Blizzy420 wrote: I went for a drive yesterday and cruised past Good Farm. As a former investor it was a terrible sight to see. The plants are in terrible condition, from the road you can see a few fringe plants have sprouted to be 1-2ft tall but the rest of the entire field is no bigger than an inch or two. The 30+ temperatures and no rain has been bad for crops this summer and without a water source on site Good Farm is looking very dry!! There are even portions of the farm that are unplanted.
When driving by there are about 5-8 short rows of plants on the right side of the farm that look OK, not huge but at least green and not dried out. Further to the right there are another dozen full rows that are unplanted.
I currently do not have a vested interest as I sold out prior to the last earnings call, but I figured I would buy back later this summer. Unfortunately I do not believe I will be buying this back based on the crop I have seen in the field.