My thoughts on the NR and the company’s direction Note: In addition to adding my own observations, this post summarizes some points from a couple other posters on this group. So thanks for your contributions as always.
This news release shows that OILS already has great brand recognition in BC, after only 1.5 months of selling in the province, and that sales are going very well. OILS is already a top 10 seller of vapes and oils and has sold over $1,000,000 in product in BC. Keep in mind that there’s further room for increased sales in BC. It’s important to note that Ontario’s cannabis market involves 3X the sales as BC, and so when OILS enter Ontario - or even when March financials come out, I think things will get very interesting. I imagine that at that time, this current share price of only roughly 0.20 will seem like a steal. I’ve personally certainly treated this dip as a great buying opportunity (getting in at 1/2 of private placement price). They are providing *disruptive* price points and quality products and they are getting it done with sales. This is all possible through the IP protected way that they designed their plant, which is incredibly efficient and requires less employees than other plants to run. It also produces high purity distillate which has had 0 reports of jamming vapes (low cost, high quality + brand recognition). So it’s easy to see why the brand appeals to customers form both a pricing perspective and quality perspective which are the 2 ingredients for success (and which the pre-existing brand recognition which the formerly legacy Glacial Gold product bolsters and has helped transition consumers from the legacy to the legal market). Additionally, OILS is being approached by players in provincial markets that they’re not yet in, asking when they will be selling in those provinces, because these players have heard such good things. Also, on top of sales of their own Glacial Gold product, OIL also has business to business sales on top of this and I wouldn’t be surprised if there was IP licensing at some point. I think that even simply with sales of their own branded product though, OILS will do very well in the not too distant future. Another good sign is how financially invested the employees are in the company. So great results so far, and lots to look forward to. Here’s to the longs: https://ca.paidpromotionalmessages.com/companies/amp/news/968892