I can remember when we were routinely seeing the price rise a nickel to a dime daily, it may be awhile but those day's will return. I suspect that the next major step will be made through partnerships, but trial news will certainly be a positive as well. I suspect that if a really big partnership occurred, the price could double or more. I don't know that we'll get a single big partnership.
The U.S. market is clearly the single biggest market, but I suspect that no single company can currently service all the State's where cannabis is legal, and few service more than a single State. While this doesn't mean that someone with major financial support couldn't do it, like one of the big Pharma's, but I don't know that they'll wait for such an offer. Just California would be huge, it's still the sixth largest economy in the world, but I don't know if one company even has stores throughout the State. Frankly, California is in its infancy compared to State's like Colorado, but with all the population here, aligning with someone investing in positioning itself throughout the State should prove very profitable in the end.
Of course the other huge event would be sales. I don't know if Israel, or Germany, or somewhere else might be first, but once that happens, I believe it will spread rapidly especially once anecdotal evidence of efficacy is seen.
When things start to happen so will more dramatic stock prices routinely. The only single event that could immediately put us over $1 IMHO is the major partnership with a large payment up front to OWCP. Otherwise we'll get there, but it will take a series of smaller events. When I can go into the local cannabis store here in L.A. and purchase the cream or sublingual tablets, I suspect we'll be trading at new all time highs.
Gary
The U.S. market is clearly the single biggest market, but I suspect that no single company can currently service all the State's where cannabis is legal, and few service more than a single State. While this doesn't mean that someone with major financial support couldn't do it, like one of the big Pharma's, but I don't know that they'll wait for such an offer. Just California would be huge, it's still the sixth largest economy in the world, but I don't know if one company even has stores throughout the State. Frankly, California is in its infancy compared to State's like Colorado, but with all the population here, aligning with someone investing in positioning itself throughout the State should prove very profitable in the end.
Of course the other huge event would be sales. I don't know if Israel, or Germany, or somewhere else might be first, but once that happens, I believe it will spread rapidly especially once anecdotal evidence of efficacy is seen.
When things start to happen so will more dramatic stock prices routinely. The only single event that could immediately put us over $1 IMHO is the major partnership with a large payment up front to OWCP. Otherwise we'll get there, but it will take a series of smaller events. When I can go into the local cannabis store here in L.A. and purchase the cream or sublingual tablets, I suspect we'll be trading at new all time highs.
Gary
