Also relieved how we dodged a bullet with the whol
Post# of 2219
(Total Views: 282)
Posted On: 09/27/2019 11:34:35 AM
Also relieved how we dodged a bullet with the whole vape crisis happening right now. Luckily, SIGO is doing it the long, hard, viable way which is get all the licenses, cultivate the raw material, develop the sales channels and distribute the product. Many entrepreneurs just wanted to make vape oil and not grow. Now those businesses are at a huge risk. Massachusetts has already banned vape products. California is close:
https://www.latimes.com/california/story/2019...vaping-now
SIGO's prime revenue stream from the start has been with cultivation.
Sure, there was some upside from the revenue cut we would have received from the vape oil deals, but if CA moves to ban vape, it should not have any real impact on this stock, IMO. Most of the future value growth will be driven by SIGO's canopy size.
I'm placing most of my MJ bets with the bread & butter cultivators. They will own the licenses and are at the top of the supply chain for MJ products. Cultivation is already highly regulated. Not the same with manufactured MJ products -> which means more risk.
https://www.latimes.com/california/story/2019...vaping-now
SIGO's prime revenue stream from the start has been with cultivation.
Sure, there was some upside from the revenue cut we would have received from the vape oil deals, but if CA moves to ban vape, it should not have any real impact on this stock, IMO. Most of the future value growth will be driven by SIGO's canopy size.
I'm placing most of my MJ bets with the bread & butter cultivators. They will own the licenses and are at the top of the supply chain for MJ products. Cultivation is already highly regulated. Not the same with manufactured MJ products -> which means more risk.
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