Tilting Windmill TGOD #s Fail to Impress
Despite reporting a 55% increase in Canadian Cannabis revenues in Q2 over Q1 TGODs SP dipped again.
It may be that the market doesn’t consider $11.8 million in revenues per quarter to be enough to sustain the business because, IT’S NOT.
It will get better though, right??
It may be that a net loss of $32.48 million for the quarter was more than most are willing to stomach.
That’s just not cricket, mates. It’s yet another kick in the nads. That’s what it is.
For me it’s TGODs reliance on Mexico for future prosperity. Mexico’s regulations for Medical Cannabis took almost 4yrs after the initial legislation to be cast and finally put into effect and it’s not exactly what I would consider welcoming to foreign investment.
As for Recreational Marijuana in Mexico. After 3yrs. under a Supreme Court ruling the politicians have found a way to continue avoiding the inevitable.
https://filtermag.org/mexico-cannabis-legalization/amp/
https://filtermag.org/mexico-cannabis-legalization/amp/
It could still be several years before Mexico establishes a legal framework for sales of Rec mj. That could be way too late for TGOD.
What was once a reasonable bet just became somewhat riskier.
There’s just no bloody way I can see myself with TGOD at this time.
Good luck mates.
cheers