Post by
geodcan on Apr 07, 2023 4:58pm
We need a rainmaker
that can bring the magic and make this grow!
I've watched a lot of new angles that whither on the vine and all of this psylicibin and peyote and spider venom or whatever alternatives everybody is angling in on is doing it in the worst of times, considering the beatdown the pot industry is getting.
Mushrooms are gaining ground and being re-recognized as old herbal solutions and there is familiarity because of the magic mushroom movement that seems to be growing.
I don't know if BHANG is serious about doing anything with any of this stuff but they are going to need some livewire to go at it full bore if we are going to go for it at all.
The pot industry needs a serious right-sizing and more Bruce Lintons, that will run with a dream.
Sadly dreams don't pay until they become reality and reality for investing in this type of futuristic investment is bleak and cloudy.
Throw in a recession that I am convinced is going to kick the shyt out of the economy and my biggest hope is that we might get some kind of legalization bill in the US that could give the pot biz a little push, at least for the survivors.
When I plunked down on BHANG, I had high hopes because they were a namebrand and had built up over 100 skus.
Sadly the IPO was done at the worst of times and didn't have any success at all.
Soccer Mom couldn't make it rain for BHANG despite her resume and apparently management with those credentials are hard to find.
And it is going to take money to make something happen and investors are already beat up with most investments and the future isn't looking too bright other than some of the MSOs and LPs are so beat down that there is only one way to go for them if they don't tank.
I don't think we will see any 200 baggers but 10 or 20 is still possible imho if the States gets it right on some form of legalization bill or banking bill.
Sadly some of my penny plays are probably going to be in the attrition pile and possibly even some LPs or MSOs.
Fingers crossed for a turn-around for the pot industry which desperately needs it.
glta and dyodd