RE:RE:100 acre farm is done?I worked in andustry for decades that was very healthy
then every outfit went through a cycle of margins pressures aroyunf the same time
all did the same thing squeeed every efficiancy they could from everywhere
after that, the ones that were not viable any longer strted cosing down ops to try and survive
they all made the same statements and the new structure returning Co to profotability
and every one of them that didn't a have a true comptetive edge ran out of cash and the lights went out
48's was the appeal of outdoor, nataural cannabis
it's over, they are done when the $$ run out, 2 or 3 Q's tops
flamingogold wrote: The founder is long gone so don't really care about that. The cannabis landscape continues to change which calls for another pivot. It now explains why we did not get details on the harvest other than commitments were met.
After two seasons, it looks like outdoor just doesn't cut the mustard. Why blow your brains and budget out just to repeat what is already known? In a market swimming in cheap outdoor weed, it makes more sense now to drop the expensive farm, build up the cash pile and use the excess weed that is currently available in the market for 2.0 products plus your own indoor grows. The net result could be the road to profitability, which is still on target. If they achieve this, we can still make a good rip higher.
gringodude wrote: the entire founding of the company was based on the outdoor grow
quality, affordable production
with that done, what is left of this Co? a brand? with almost zero value
pathway to profitability is good goal
but if it means shrinking to nothing
what is the point?
the Founder must be shaking her head in disgust