Post by
ranforurlife on Aug 15, 2019 10:03pm
re: JUJU twitter
Steve came in April 17, 2018 to revamp or reboot the company because prior board was way over their head with this business. In 2018 there were 33 news releases, 3 were before he joined, so that's 30 from when he joined. In 2019 there are so far 17 news releases, announcement from acquistions : La Vida Verde, Riotus Sodo LLC and Albert Einstone, extended distribution and licensing agreements, Solstice, Desert Zen and Northern Lights, Flower One and removed the preferred shares mess that was initially set up plus all the financing raised and continuing to be raised. Getting financing is becoming more challenging as a small cap cannabis company. We are soon going to be in a recession, politics is not harmonious in the world. He is running a developing business with all the limitations that are in the market place as more weed companies are no longer valued only by their revenues but if they have profit to show. This is the first thing he said from day one, its ironic that this is main focus now from all analysts. So I do not know if you read business news but it sounds people are expecting a fast million here and it just does not happen over night. There are challenges in the US where cannabis is slowly becoming legal in all states and its still on Schedule 1 list. Yes I get it the stock price is not great but without profitable businesses acquired the price won't move. Many of us here would like the stock price to be much higher and it will happen but you need good results.