RE:To all my long friends
Always nice to hear from you SoCal. I can also confirm much of what you have said..... All of $proutly's commerical launches are dependent on securing the sales license from Health Canada. They are utilizing the THR facility in Scarborough for product formulation instead of growing weed and we are stuck in a holding pattern. With SoCal hearing directly from Dr. Sen and myself speaking directly with Paul Marcelino, I can see that we are getting a consistent message from the management group.
My story - The biggest warning I received (and ignored) was that the cannabis space is regulated and the regulators have all of the control (power). While I ignored that advice at the time, it has become obvious that it is true! The Health Canada team is holding a lot of companies hostage right now, not just $proutly. As we come up on the 1 year anniversary of edibles rules being established we must remember the industry is in its infancy and the upside is still intact. I know all the longs will continue to hold at this price, but I added 50,000 more for a mere $1800. Am I a glutton for punishment or a sucker for potential?