Bullboard - Stock Discussion Forum CannaRoyalty Corp C.CRZ

Origin House is a growing cannabis product and brands company operating across key markets in the U.S. and Canada. The company delivers over 130 branded cannabis products to the licensed dispensaries. It provides distribution, manufacturing, cultivation and marketing services for its brand partners. The company operates through two operating segments, The Corporate segment derives income from... see more

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CannaRoyalty Corp > Why do we follow the crowd now?

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Post by RockMaschine on May 17, 2019 9:19am

Why do we follow the crowd now?

I don't like this business of companies announcing unaudited revenues. Seems like a ploy to drum up interest in a slow market. Good numbers at $11 million but still not anywhere near what a lot of us expected to be at this stage. I like $6 million for April.

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Comment by Tennantk on May 17, 2019 11:02am

I’m mixed on it but see your point... I think it’s a way to demonstrate the growth (ie the quarterly numbers are lower than hoped but April demonstrates a nice growth track). I feel good about the mutually beneficial Cresco Labs deal- looks to be a nice pathway to growth for both sides. This will be a powerhouse moving forward. CL reports May 29th, hoping for something nice ...more

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