Post by
Cannabis49er on Apr 06, 2021 12:04pm
Up from here
I hear a lot of disgruntled voices out there disappointed abt q 4; me too. But given their position and the investments made this far, anyone who held til now, just to finally sell- is prob just gonna lose out. The story SHLD only get better from here. They have cemented partnerships and collaborations that have lasted years and have finally begun to show signs of fruit. Profitability is SO close and the industry is only growing. Adding Australia and Germany shld be a strong boon to many CA LPs that had allusions of going global years ago. Each market is different and will have its winners and losers and VIVO cld still compete in many that are still in their infancy (the US, Mexico, Uruguay, Chile, Germany, Austailia and many more have very strong recreational cannabis black markets as well as very sophisticated, large scale medical and therapeutic industries). It will take time; but this is more than a plant. It's a lifestyle and a culture. It cannot be dominated by any brand. I think mmj securities in general will remain volatile until firms can prove their missions are worthwhile. And unfortunately they will continue to sell shares to stay in business until they can achieve solvency. I still believe. They say they are confident they will be profitable by q 3... I will give them til then at least. Cash on hand will get them there comfortably after recent resrructuring. Biggest concern is we need a CEO. This fitz guy doesn't want to do it- GLTA Cheers!
Comment by
buddy12 on Apr 07, 2021 11:01am
actually NO...it could drop further....it could likley get sold off for peanuts...there's MANY more options besides a dopey "up form here"