I get the sense we are all sitting around waiting
Post# of 2219
(Total Views: 242)
Posted On: 01/09/2019 6:41:11 PM
I get the sense we are all sitting around waiting for something to happen. And that is true, we are waiting for the State of California to issue SIGO its permanent licenses. That's what everyone in the industry is waiting for. No one wants to make a major move until they get that license secured, IMO.
Only 7 permanent licenses have been issued so far; 4 issued in 2019. Looks like the license process is starting to ramp up. But we all know for a fact that 7 licenses will not fuel the multi-billion dollar MJ industry CA hopes to create.
I suspect SIGO has made a business decision to not move forward with significant growth plans, investor relation strategies, or financials until they get their first set of licenses. (makes sense to me) The unknown to SIGO and to us is when will they get the license? Being that we are all in the dark, resulting in SIGO unable to give us answers, I think, contributes to this feeling that we are all waffling around, heading no where.
IMO, SIGO cannot say they are waiting for licensing before launching initiatives because that in itself would be material news. Fact that SIGO is staying disciplined and quiet is assuring to me that they take their SEC compliance seriously.
Meanwhile, I get the sense that operations are getting tight at SIGO and we'll soon be impressed with advances they have made. There is no obvious point in communicating this great news until after they get the license. Market will not listen to any news other than license approval. Then that stop sign can come off, then more investors will come in.
Only 7 permanent licenses have been issued so far; 4 issued in 2019. Looks like the license process is starting to ramp up. But we all know for a fact that 7 licenses will not fuel the multi-billion dollar MJ industry CA hopes to create.
I suspect SIGO has made a business decision to not move forward with significant growth plans, investor relation strategies, or financials until they get their first set of licenses. (makes sense to me) The unknown to SIGO and to us is when will they get the license? Being that we are all in the dark, resulting in SIGO unable to give us answers, I think, contributes to this feeling that we are all waffling around, heading no where.
IMO, SIGO cannot say they are waiting for licensing before launching initiatives because that in itself would be material news. Fact that SIGO is staying disciplined and quiet is assuring to me that they take their SEC compliance seriously.
Meanwhile, I get the sense that operations are getting tight at SIGO and we'll soon be impressed with advances they have made. There is no obvious point in communicating this great news until after they get the license. Market will not listen to any news other than license approval. Then that stop sign can come off, then more investors will come in.
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