Thoughts OILS is hyper-aware that a raise at these levels would likely not be great (not something they're interested in doing). If they need access to further capital, there are non-dilutive options that could be available to them. The thought is that as more provinces like Alberta come online and as they're able to add more SKUs in Ontario, we'll get closer to the self-sustaining model which I was hoping for. That's their focus now as well as B2B sales which while difficult for now will eventually see them picking up more customers as more companies outsource to find efficiencies in their business and streamline operations.
Another exciting thing - which was mentioned on the online conference earlier this week, is the CBN sleep aid which Nextleaf will be rolling out. Psychedelics licence could be good for a further down the road and back pocket option as OILS could supply materials to organizations trying to develop therapeutics etc. (though once again this isn't a current focus but shows OILS is thinking ahead).
We all have the choice to do what we'd like with our investment. I for one, will not be selling OILS at a time where they are in the best position they've ever been production and sales-wise, with their margins stamping out those of competitors, and with them now operating in Ontario and establishing themselves in Ontario and other provinces as a well priced and high quality choice for the adult and medical markets. I hope you're all well.