written by reader Invictus opinions

By newbie, October 23, 2018

I haven’t found a discussion about this very speculative pot stock. It’s now at 52 week low. Would it be crazy to purchase even a little?? Thanks!

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Travis Johnson, Stock Gumshoe
October 23, 2018 12:56 pm

Don’t know much about them, other than I see that they just raised C$23 million at C$2 a share so the folks who bought that offering must be a little frustrated. Looks like they’re a grower and not much else, which I don’t find all that appealing — I’m guessing that cultivation will be commoditized pretty quickly and the growers aren’t likely to get much of the profit pie from retail sales in the end, but that’s just my expectation and we won’t really know for a while. How much are they going to be growing, and at what cost? That will give you something to put into a model as you try to figure out what you think the company should be worth.

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