Post by
HighRide on Jul 17, 2018 6:17pm
You have to build an actual business, not just HIPe
Canadian cannabis businesses have to have production scale, distribution and execution ability to supply the rec market. Not on October 17th, but on September 15th. Recreational orders have to be shipped to the provinces on or before that date, in appropriate packaging, and if you're signing a supply agreement, you have to have product and the liquor boards conduct site visits to ensure you can meet their demand. If you can't, you don't get a large order.
This was pure HIPe, not a business, I saw Jay present at the VIII Capital conference last fall and the only thing he could talk about was the tragically hip. Additionally, Van Haren had a chunk of stock, that as soon as it came free everyone knew he would be blowing it out and guess what, he has.
There's nothing underpinning this company's free fall, because they built on retail investor sentiment toward the tragically hip and their farewell tour instead of building a BUSINESS.
Stick to the quality names, WEED, APH, FIRE, and even OGI. Look at who gets the big Provincial orders and know that the provinces do their homework with insight that we as retail investors don't get. Look for companies with external validation, provincial orders and pharmacy supply agreements, or EU-GMP. If they don't have any of these, forget it.
Comment by
Malex1 on Jul 17, 2018 6:38pm
I would have to disagree with you on the fact they HIP has multiple provincial supply deals in place. Your speculation by saying they won’t be ready is pure opinion and I don’t buy that for a second. If HIP didn’t have those beautiful supply deals in place then I wouldn’t have bought in the first place.
Comment by
silkroad007 on Jul 17, 2018 7:41pm
Agreed! not hard to tell he was putting a plug in for Supreme and comparing them to WEED and APH etc. Supreme are no different than HIP.