It will be the long game...No question about it - for those that want to wait and believe in the direction - which I do.
Are there other investment vehicles that may provide a quicker return while we wait? Of course - so find them if you must.
The profit established this quarter - as my previous posts would indicate that I was of the belief it would happen - is a huge moment...did the stock price reflect it? Nope - and based on many MJ company valuations this is the current norm. As indicated previously and in similar fashion as others who feel the same way - the key catalysts for U.S. based firms will be legislative change and not much more is going to move the needle until then.
HOWEVER - for any MJ company that is tight, clean and profitable - big or small in my opinion - WHEN that legislation changes - and it will one day - it may put those well postioned on fire - and I believe that we will be one of them...but it may be six months - a year - two? Tuck it away and watch it germinate unless you are in an immediate hurry for the cash.
I am far more focused on the cash position - as people have heard me chirp to death about - Rosen will not let us bleed out for certain and should defintiely be able to ramp up sales to assist.
In saying that though - we lack capital for development of our assets - such as the other building - such as establishing or re-estabiishing in another state...without financial reform - it will be tricky to gain access to capital...we know about the sale and lease-back strategy of the other building and that is still on the table or I will now throw out a bit of a hail Mary suggestion - which I have experienced successfully in other stocks - which is the CEO lending money to the company at a fair interest rate.
Hear me out on this one for a moment...Rosen owes NOTHING to this company and is in up to his eyeballs from a commitment standpoint - not just the approx. $5M he has invested - but also his approach to take a "minimum wage" CEO salary that most would not - and then add to that his repurtation that he has put on the line here - all in all a TON of commitment...BUT - he has the cash and if he were so inclined - I would gleefully and fully support a capital injection of $3-5M at an interest rate of perhaps 10-12% which would be very company friendly - versus VC capital support at circa 17-18% ....it would allow us to immediately develop the other building - allow us to consider a dispensary plan - would allow us to consider a venture back to Califormia or to Arizona or? Just throwing it out there as a creative idea.
The usual long winded post by yours truly...perhaps makes for some weekend reading and related respectful discussion...Cheers all...DFC