Vibe Growth Corp C.VIBE

VIBE Dead in the Water

[NewYorker99]

Beacon Securities Target @ CAD $ 2.60

LMFAO !!!

You will see VIBE share price in the teens by the summer.  The Dust Pan is still getting carved up by the falling knife having bought in 60s, 50s and now again today.  You can't fix stupid.

Member Sampic had some very valid comments about the California cannabis market and Vibe.  This dog is dead.  The only reason that the share price hasn't fallen further is the low trading volume and lack of interest in the stock.  Wait until investors start running for the door, stock will drop like a rock.  I think Dust Pan and the False Prophet are the only ones keeping the stock afloat.

[Sampic]

If safe passes they will have a chance to get out and make some money if not there going back to 3 to 5 cents a share which is what it is worth.Listen between the black market the home grows and the municipal state and federal taxes on Cannabis it is impossible for this company to survive in California they are definitely losing big money.

[Sampic]

Vibes store in Stockton pays 40 percent on every dollar in tax 15 per State excise tax 10 percent sales tax and 15 percent 15 percent municipal tax.Then they still have to pay there federal tax bill with no deductions allowed!How are they making a profit?

[Sampic]

Vibe needs more then safe banking.Safe banking just gives you an opportunity to get the hell out of dodge.California is a death trap for small operators.Nobody is buying out Vibe and they have no capital to expand in limited license states.If California cracks down  on the black market cuts taxes and you get some federal tax relief Vibe stands a fighting chance but even if all that happens it

[TheProphetElijah]

Some comparables in Cali doing just fine: Harborside - $17m rev $2.6m net profit Next Green Wave - $4M rev $600K profit Vibe is somewhere in the middle Imagine what these numbers can be with state tax relief, which is coming. Smaller operations have their own niche, the key being local appeal.