Publicly-traded Cannabis Industry Companies

[mcorliss]

Several people have PM’d me asking to make this topic a stand-alone thread instead of embedded in recent Rolex vs BitCoin thread...so without further ado, here it is, discuss amongst yourselves. There are an awful lot of Daytonas to be made investing in the exploding Global Cannabis Industry.

If you want to speculate in an area with explosive growth potential and with solid financials, look at one of the top three publicly-traded Canadian Cannabis companies: Aphria Inc, Canopy Growth, and Aurora Cannabis (each with existing market values between $1.5-2.5 Billion). Their stock prices have already tripled this year, and will likely do the same in 2018 when Recreational Adult-Use Cannabis is finally launched in Canada before Summer 2018.

They are already the largest Medical Cannabis companies in the world and have even begun shipping products into Germany, Italy, Australia, Argentina, Uraguay, Mexico, and many other countries legalizing marijuana nearly every month. The U.S. is woefully behind the curve on Cannabis, and that gives Canadian companies like Aphria Inc. a huge first-mover advantage in establishing key supplier/client/customer relationships and developing recognizable brands. Constellation Brands (maker of Corona, Svedka Vodka, Kim Crawford Wine) has already made a $200MM investment (with warrants to purchase another $200MM) in Canopy Growth to produce Cannabis beverages. Look for other multinationals from the beverage, tobacco, and candy industries to make additional large strategic investments or outright acquisitions in the aforementioned three companies.

Constellation brands (maker of Corona, Modelo, Svedka Vodka, Kim Crawford Wines, etc.) was the first multinational to make a major investment ($200MM with warrants to increase to $400MM) in a competitor (Canopy Growth), but that is just the starting point as other major beverage/tobacco/food/candy industry multinationals will follow suit on picking off the top Cannabis Cos with large footprints. Constellation Brands is already up 40% on their investment in about 6 weeks, and they haven’t even started collaborating yet. Once they do, the potential is outstanding. The same is in store for Aphria Inc. and Aurora Cannabis too.

The whole Cannabis and Industrial Hemp industry is expected to be THE fastest growing industry over the next 5-10 years. Personally, I’ve already made a lot of money with several Cannabis companies since April, and still have very significant exposure via Aphria Inc. shares (APHQF - OTC).

2018 is going to be an interesting ride for both...publicly-traded Cannabis companies and BitCoin...although, I expect them to travel trade in completely opposite directions, and because of that, I prefer to place my money on the side with actual fundamentals and the protection of government regulation. What say you?

[mcorliss]

All three (Aphria Inc, Canopy Growth, and Aurora Cannabis) are going to do well, but of those listed, I think the best value right here is Aphria Inc. It is the lowest cost provider in the industry and is already on the way to increasing their total production facility’s capacity to 1,000,000 square feet of indoor greenhouse space that will capable of producing about 100,000 Kg of product/year by mid-2019. They already have 100,000 sq ft operating, and have already funded construction (underway) of the additional 900,000 sq ft of greenhouse space.

Just to emphasize the scope of that:
— 1,000,000 sq ft of greenhouse space is about 25 indoor acres of Cannabis!!!
— They would have 3-4 harvests/year
— They expect to produce 100,000Kg = 220,000 Lbs (110 tons)/year.
— 100,000Kg = 100,000,000 Grams x $8/Gram = $800,000,000+ Revenue
— Aphria’s all-in cost/Gram = $1.61 = $640MM .... A shit load of Net Income.
— $640MM/126MM Shares Outstanding = Approx. $4.75 EPS.
— This week, Aphria Inc. just signed an exclusive on-line MMJ distribution deal through the largest Pharmacy chain in Canada (1,300 stores).
— Medical Marijuana is already federally legal in Canada, but Adult-use Recreational will commence on or before July 1st 2018.

The stock currently trades at approximately $10.47/share.
If you put a (very conservative considering the staggering growth rate) 20x P/E multiple on that anticipated EPS you are looking at a target price of $80-90/share. It has doubled already since June 2017 and will likely trade up even further, ahead of Adult-use Recreational Use on July 1, 2018.

Here is a chart for Aphria’s stock performance over the past 3 months (shown in Canadian dollars):

[5Zigen]

For some who prefer the ETF route, Horizons Marijuana Life Sciences Index (HMMJ).

[mcorliss]

Originally Posted by 5Zigen

For some who prefer the ETF route, Horizons Marijuana Life Sciences Index (HMMJ).

Normally, ETFs offer inexpensive diversification, but the problem with the Horizons Marijuana Life Sciences Index ETF is that it also contains a lot of junk that you wouldn’t want to buy among the best companies that you would.

Going that route may only cap your potential upside greatly without offering any real protection on the downside as the better stocks (Aphria, Canopy, Aurora, MedReleaf) all tend to trade in sympathy with one another even on the downside, whereas the really crappy companies included in the index don’t participate on the upside.

If the ETF was the better alternative, I would have gone that route instead of stock picking. The top 4 cannabis stocks are up multiples higher vs HMMJ.

[mcorliss]

TOP HOLDINGS For the HMMJ ETF

AS AT DECEMBER 8, 2017

Security Name Weight
AURORA CANNABIS INC . 14.72%
APHRIA INC . 12.91%
CANOPY GROWTH CORP . 12.05%
MEDRELEAF CORP . 7.08%
GW PHARMACEUTICALS PLC . 6.94%
SCOTTS MIRACLE-GRO CO/THE . 6.74%
CRONOS GROUP INC . 4.68%
CANNIMED THERAPEUTICS INC . 4.11%
INSYS THERAPEUTICS INC . 3.72%
ORGANIGRAM HOLDINGS INC . 3.31%
Holdings are subject to change. Download full prior business day holdings

[OgSnowflake]

Take a look into a company called Monsanto, they have been going around trying to buy up as many seed banks, nutrient companies, lighting companies , anything that has to do with cultivation.

Such a power house that none other than pharmaceutical company “Bayer” think we’ve heard of them before right? Offered them 66 billion to buy them out and they said yuppp! Sounds good to us!

So now the cultivation industry is owned by giant pharmaceutical.....mindblowing huh?

Scott’s has a lot of steam in the game and a great relationship with Monsanto so that will prob be a merge that happens someday when Bayer says ya let’s just buy Scott’s and all the cannabis company’s they own.

[mcorliss]

Originally Posted by OgSnowflake

Take a look into a company called Monsanto, they have been going around trying to buy up as many seed banks, nutrient companies, lighting companies , anything that has to do with cultivation.

Such a power house that none other than pharmaceutical company “Bayer” think we’ve heard of them before right? Offered them 66 billion to buy them out and they said yuppp! Sounds good to us!

So now the cultivation industry is owned by giant pharmaceutical.....mindblowing huh?

Scott’s has a lot of steam in the game and a great relationship with Monsanto so that will prob be a merge that happens someday when Bayer says ya let’s just buy Scott’s and all the cannabis company’s they own.

Scott’s acquired a few hydroponic fertilization companies that support the Cannabis industry, but though it is the fastest growing part of their business, it is still an overall tiny part of the total. Scott’s traded up initially by association, but not because of a truly meaningful financial bump from their participation.

However, you are correct that large multinationals will make significant strategic investments in Cannabis. The companies that provide supplies will get the nice bump but the really money will be in the companies that “touch the seed” such as the top 4 highlighted above.

Alcohol Beverage Cos and Tobacco companies are the obvious acquirers, but confection and pharmaceutical companies also could be major investors in the space too.

More and more countries around the world and states in the U.S. are legalizing Cannabis. VT will legalize Recreational too via their Legislature in January according to the VT Speaker of the House. Next year, NJ is also likely push for legalization. One domino after another will continue to fall until it is legal in every U.S. state, and then the Federal government will re-schedule it to sonething other than Schedule 1.

In a nutshell, it is the most promising industry to invest in over the next 3-5 years. I’ve put my money where my mouth is, and have made mid-six figures already. That’s just the beginning!

[Runnin' Rebel]

I am in the Cannabis financials. It's completely exploded in this state and the money is pouring into the stores. And on pharmacy, Cannabinol is showing great promise for pain relief with rarely no felling of under the influence or any high like feelings. Unlike opioids which we all know is causing deaths and horrible addictions and ruining lives.

Hoping the Feds stay out of it or open up the banking sustem to except the small business owners massive cash deposits. They can be a big help or destroy the industry. And ancillary businesses are an important part of overall survival.

Florida's next I hope for recreational

[mcorliss]

Originally Posted by Runnin' Rebel

I am in the Cannabis financials. It's completely exploded in this state and the money is pouring into the stores. And on pharmacy, Cannabinol is showing great promise for pain relief with rarely no felling of under the influence or any high like feelings. Unlike opioids which we all know is causing deaths and horrible addictions and ruining lives.

Hoping the Feds stay out of it or open up the banking sustem to except the small business owners massive cash deposits. They can be a big help or destroy the industry. And ancillary businesses are an important part of overall survival.

Florida's next I hope for recreational

Aphria owns 37% of Liberty Health Sciences which operates several Medical Marijuana Dispensaries in Florida and has also received a license in to operate in Ohio too. Here is a slide deck from their CEO laying out their Florida and Ohio opportunity.

https://www.newcannabisventures.com/...tober-2017.pdf

With Aphria, you get participation in both Canada and the U.S....along with other countries.

[roaddog359]

Originally Posted by mcorliss

Aphria owns 37% of Liberty Health Sciences which operates several Medical Marijuana Dispensaries in Florida and has also received a license in to operate in Ohio too. Here is a slide deck from their CEO laying out their Florida and Ohio opportunity.

https://www.newcannabisventures.com/...tober-2017.pdf

With Aphria, you get participation in both Canada and the U.S....along with other countries.

Would you mind disclosing what spaces you are currently invested in still?

[OgSnowflake]

The real money is in retail. I’ve been in the cannabis industry as a full time job for the past 11 years and I’ve seen companies like those giant weed farms mentioned above come n go. I don’t think it will be around in 10 yrs from now. People don’t want commercial grade commercial packed cannabis, it’s trash. The individual farms that are turning out the top notch products that carry individual cultivation licenses that grow package and retail their own product are gonna run to the moon. I’m already seeeing it.

Member “VAPE” they had a CNBC special and it drives there stock up to like 40 bucks from pennies when they were first on the scene to make hash oil disposables.they thrived... But then times changed people got picky... realized the oil they were packing was complete trash and a giaaaant company went bust in a matter of months and trades for 7 cents a share now.

That’s what’s gonna happen with alpha farms n all those we grow 10m sq ft of cannabis companies. Days of commercial outdoor cannabis are numbered nobody wants it or the product derived from it because it’s garbage. And with legalization and the ability for these boutique like cannabis growers to now grow package and retail and ability to open up more n more Mom n pop shops will press those big farms that get publicly traded.

Think the ones to look out for are the Scotts n the Monsanto’s of the industry...the people that sell the products to grow the products that everybody wants...that biz will never die.

[mcorliss]

Originally Posted by OgSnowflake

The real money is in retail. I’ve been in the cannabis industry as a full time job for the past 11 years and I’ve seen companies like those giant weed farms mentioned above come n go. I don’t think it will be around in 10 yrs from now. People don’t want commercial grade commercial packed cannabis, it’s trash. The individual farms that are turning out the top notch products that carry individual cultivation licenses that grow package and retail their own product are gonna run to the moon. I’m already seeeing it.

Member “VAPE” they had a CNBC special and it drives there stock up to like 40 bucks from pennies when they were first on the scene to make hash oil disposables.they thrived... But then times changed people got picky... realized the oil they were packing was complete trash and a giaaaant company went bust in a matter of months and trades for 7 cents a share now.

That’s what’s gonna happen with alpha farms n all those we grow 10m sq ft of cannabis companies. Days of commercial outdoor cannabis are numbered nobody wants it or the product derived from it because it’s garbage. And with legalization and the ability for these boutique like cannabis growers to now grow package and retail and ability to open up more n more Mom n pop shops will press those big farms that get publicly traded.

Think the ones to look out for are the Scotts n the Monsanto’s of the industry...the people that sell the products to grow the products that everybody wants...that biz will never die.

There are lots of ways to participate in the Cannabis industry, but have to disagree with your assessment. The smaller operators are the ones who struggle to raise financing. Longer term they will get squeezed with the continued shift towards edibles. Nobody cares what strain is in an edible. What you are talking about are craft growers and they will always have a small part of the overall market for flower.

The bigger picture is that scale drives down cost of production, lends itself to consistency, provides necessary capital to absorb smaller craft players, and expand into international markets.

Ultimately, large multinationals will pursue large scale producers/processors/retailers, not lots of cats and dog craft producers. Think big, not small when looking at the industry. It is so much bigger than a single retailer.

[OgSnowflake]

Smaller operators squeezed for money- whoa that couldn’t be any more far from the truth. Banks don’t give loans on marijuana business. Every shop...dispensary... retail farm... is the owners bread n butter or money raised sitting in cash accounts. To open a dispensary in any state you have to put up minimums that ain’t cheap. Here in mass the average bankroll is 1-3million in order to get the department of health to even look at it so we can just throw that right out the window. You can’t get in the business without already having cash or getting a backer.

Next shift towards edibles? Couldn’t be any further from where cannabis is going. Premium flower and premium cartridge and concentrates are what people want. Fresh froZEN, live terpenes, bho and strains...strains on strains on strains of new carefully crafted and refined genetics.....nobody cares what strains in edibles...by law you have to care. If you tell a patient they are getting a 100mg edible dose they better get that...if it’s an indica they better feel the effects of indica or you’re not gonna sell any more to that customer. Edibles make up less than 20% of the dispensary overall sales. Flowers, concentrates, and Pens are the $$. Will edibles always clear the shelf yes but they arnt in anyway a power house in sales.

I’ll be honest man...nobody’s buying anything commercial, people wanna know strain history, they want proper testing, they want gas strains of cannabis. The days of nobody cares what something smoked smells or tastes like are over. You couldnt drop off anything any of the big 4 above companies sell in It wouldn’t sell here in Ma or Vegas or California or Maine or Vermont or Michigan... they would laugh in your face. Look at what’s going on in Colorado...all your huge outdoor farm Operations are closing up shop to boutique multi light lab like indoor grows because that boo boo pre packaged outdoor does not sell. Prices in Colorado...all time low...Washington state too..garbage garbage cannabis up there.. prices in states like Cali and Nevada Oregon and here in Ma all time highs and the product stays moving and very very good.

I think you really need to be in the cannabis industry and know who the major players are and what the trends are to really be able to even gamble on the stocks. I’m not seeing that from your above posts.

Nobody is Persuing large scale producers because large scale producers don’t grow good product. It’s the era of weedmaps and reviews and lab results and really a geeky time to be around cannabis. One dry batch and you can bankrupt a shop...customer tastes a lil residual in a pen and complains you might not sell a pen in days. I’m telling you I live these ups and downs and have seen it first hand.

[mcorliss]

Originally Posted by OgSnowflake

Smaller operators squeezed for money- whoa that couldn’t be any more far from the truth. Banks don’t give loans on marijuana business. Every shop...dispensary... retail farm... is the owners bread n butter or money raised sitting in cash accounts. To open a dispensary in any state you have to put up minimums that ain’t cheap. Here in mass the average bankroll is 1-3million in order to get the department of health to even look at it so we can just throw that right out the window. You can’t get in the business without already having cash or getting a backer.

Next shift towards edibles? Couldn’t be any further from where cannabis is going. Premium flower and premium cartridge and concentrates are what people want. Fresh froZEN, live terpenes, bho and strains...strains on strains on strains of new carefully crafted and refined genetics.....nobody cares what strains in edibles...by law you have to care. If you tell a patient they are getting a 100mg edible dose they better get that...if it’s an indica they better feel the effects of indica or you’re not gonna sell any more to that customer. Edibles make up less than 20% of the dispensary overall sales. Flowers, concentrates, and Pens are the $$. Will edibles always clear the shelf yes but they arnt in anyway a power house in sales.

I’ll be honest man...nobody’s buying anything commercial, people wanna know strain history, they want proper testing, they want gas strains of cannabis. The days of nobody cares what something smoked smells or tastes like are over. You couldnt drop off anything any of the big 4 above companies sell in It wouldn’t sell here in Ma or Vegas or California or Maine or Vermont or Michigan... they would laugh in your face. Look at what’s going on in Colorado...all your huge outdoor farm Operations are closing up shop to boutique multi light lab like indoor grows because that boo boo pre packaged outdoor does not sell. Prices in Colorado...all time low...Washington state too..garbage garbage cannabis up there.. prices in states like Cali and Nevada Oregon and here in Ma all time highs and the product stays moving and very very good.

I think you really need to be in the cannabis industry and know who the major players are and what the trends are to really be able to even gamble on the stocks. I’m not seeing that from your above posts.

Nobody is Persuing large scale producers because large scale producers don’t grow good product. It’s the era of weedmaps and reviews and lab results and really a geeky time to be around cannabis. One dry batch and you can bankrupt a shop...customer tastes a lil residual in a pen and complains you might not sell a pen in days. I’m telling you I live these ups and downs and have seen it first hand.

We’re going to have to agree to disagree. Pretty much everything you stated is contrary the industry trends. The Cannabis industry is littered to tons of small capital constrained players that can’t even open despite gaining a provisional license to operate, including in MA, where we both live.

The reality is, the large players will have capacity, efficiency, and capital to grow larger and roll-up smaller craft producers. The larger producers will put pricing pressure on the smaller operations, and ultimately absorb them. When the Philip Morris and Ab InBev of the world come calling they are going to target scale, not artisan growers at first. Eventually, they will care about craft growers, like they did with craft brewers. History will repeat itself.

[superdog]

Just bought about 500 shares of Aphria.

Let’s see how this unfolds.

[mcorliss]

Originally Posted by superdog

Just bought about 500 shares of Aphria.

Let’s see how this unfolds.

It’s up another 3% today.

[Gaijin]

Originally Posted by superdog

Just bought about 500 shares of Aphria.

Let’s see how this unfolds.

I’m buying it tonight.

As a former LEO I have been a looooooong time proponent for the legalization and taxation of cannabis. Prohibition is a complete failure.

Time to put my money where my mouth is.

[roaddog359]

Originally Posted by Gaijin

I’m buying it tonight.

As a former LEO I have been a looooooong time proponent for the legalization and taxation of cannabis. Prohibition is a complete failure.

Time to put my money where my mouth is.

Yeah, What he said!^^^

[Runnin' Rebel]

Originally Posted by superdog

Just bought about 500 shares of Aphria.

Let’s see how this unfolds.

Seth..
You still have CARA ??

[superdog]

Originally Posted by Runnin' Rebel

Seth..
You still have CARA ??

No. I got nervous at one point and dumped all of my individual stocks. Clearly I wish I did not do that. But I did make a nice few bucks from that. Thank you!!

I learned my lesson. At this point, I am all about buy and hold long term.

[Runnin' Rebel]

Originally Posted by superdog

No. I got nervous at one point and dumped all of my individual stocks. Clearly I wish I did not do that. But I did make a nice few bucks from that. Thank you!!

I learned my lesson. At this point, I am all about buy and hold long term.

I understand. I think at your age your better to hold. I think your under 40 ? Anyways, best of luck on whatever you do

[superdog]

Originally Posted by Runnin' Rebel

I understand. I think at your age your better to hold. I think your under 40 ? Anyways, best of luck on whatever you do

Appreciate that. Thank you.

I am 43. The vast majority of my money is with a wealth management guy from ML. I have a very small amount in individual stocks for the fun of it. At one point I thought I was going to trade back and forth and try and become wealthy.

LMAO. So much for that. I just pick up a few shares of stuff here and there as I like to watch how the market works and it keeps me interested when I have skin in the game.

[Langnam]

Maybe the rules are different for Private Equity guys and it's industry, but I can tell you from the Wall Street side of the business, i.e. Private Wealth management and or Financial Advisors, it is not permitted either by firms or FINRA to tout stocks or even recommend them on forums as the advisor really has no way of knowing risk tolerances, investment goals, horizons, etc.
of the various members.

I've been working on the private client side of Wall St. since 1984 and know the regs.

These ideas are coming across as recommendations that would not pass at a broker/dealer firm.

Caveat emptor.


Sent from my iPhone using Tapatalk

[mcorliss]

Originally Posted by Langnam

Maybe the rules are different for Private Equity guys and it's industry, but I can tell you from the Wall Street side of the business, i.e. Private Wealth management and or Financial Advisors, it is not permitted either by firms or FINRA to tout stocks or even recommend them on forums as the advisor really has no way of knowing risk tolerances, investment goals, horizons, etc.
of the various members.

I've been working on the private client side of Wall St. since 1984 and know the regs.

These ideas are coming across as recommendations that would not pass at a broker/dealer firm.

Caveat emptor.


Sent from my iPhone using Tapatalk

I spent 26 years on Wall Street as a Financial Advisor, M&A Banker, and most recently as Senior Private Banker focused solely on Ventire Capital and Private Equity Funds and Professionals. Retired 3 years ago at age 46. I let my Series 7, Series 63, and Series 65 licenses expire since I only manage only my own money these days via both public and private investments. I am up over 70% for the year with my stock trading and have made over $500K on just Cannabis Companies alone. I have several friends currently operating in the cannabis industry on both a domestic and international level, and I am part of group in the process of getting a medical dispensary license in D.C. I am sharing my experience to those who are interested which companies are worth looking at in the Cannabis industry. If one is interested, they should do their own research to make sure investing is suitable for their own risk tolerance and objectives.

[ckaynyc]

Originally Posted by Langnam

Maybe the rules are different for Private Equity guys and it's industry, but I can tell you from the Wall Street side of the business, i.e. Private Wealth management and or Financial Advisors, it is not permitted either by firms or FINRA to tout stocks or even recommend them on forums as the advisor really has no way of knowing risk tolerances, investment goals, horizons, etc.
of the various members.

I've been working on the private client side of Wall St. since 1984 and know the regs.

These ideas are coming across as recommendations that would not pass at a broker/dealer firm.

Caveat emptor.


Sent from my iPhone using Tapatalk

Caveat emptor is right. Sounds like nothing more than a front man pushing an OTC stock.

[Langnam]

Originally Posted by ckaynyc

Caveat emptor is right. Sounds like nothing more than a front man pushing an OTC stock.

Ummm, bingo.


Sent from my iPhone using Tapatalk

[mcorliss]

Originally Posted by ckaynyc

Caveat emptor is right. Sounds like nothing more than a front man pushing an OTC stock.

Ummm...Nobody is pushing anything here. Just stating public facts about the global trend towards legalization. It IS happening...daily. Do some research for goodness sakes. Time Magazine even printed a Special Edition dedicated to Cannabis that was displayed on every grocery checkout stand in America last Spring.

This thread is an off-chute of a comment I made on a BitCoin thread about preferring to invest in Cannabis Stocks. My PM was burning up with people asking me to make the comment a separate discussion thread, so here we are. I’m not promoting anything, only answering questions with very detailed and accurate information from public sources, and my own private due diligence meetings, when I was looking to make Private Equity investments in several U.S. Medical Marijuana Dispensaries and Recreational Cannabis product manufacturer. Instead of tying money up with those companies for an unknown period of time, I have instead invested in 3 of the largest Canadian Cannabis companies, and am now just in Aphria based on current valuation.

BTW...most foreign companies trade OTC in the U.S., unless they list on an exchange. NO Cannabis companies are allowed to list on a U.S. exchange since it is still federally illegal. However, Aphria, Canopy, Aurora, MedReleaf are all Canadian companies, where Medical Marijuana IS legal, are publicly-listed on the Toronto Stock Exchange. Hence, trading OTC in the U.S.

These 4 companies are NOT pink sheet penny stocks. They each have market caps between $1.5-3.0 billion. There may be some scammy pink sheet Cannabis Cos out there, but these sure as heck aren’t them. If they were, Constellation Brands, the U.S. publicly-traded, maker of Corona, Modelo, Svedka Vodka, Kim Crawford Wines, etc. wouldn’t have invested $200MM into Canopy with warrants for another $200MM.

To the OP (financial advisor) who talks of me promoting stocks. He and I could have one hell of a debate about the inherent conflicts of interest within the investment industry, so he may not really want to go there. 26 years on Wall Street, and also grew up around it my whole life, so I’d be me more than happy to lift the veil on that racket if he’d like.

[OgSnowflake]

I like this thread a lot. It’s interesting to see different views from different sides ...financial ...agricultural...retail. I’m not a financial firm or really into stocks so that part of it is meh to me but I do however find the moves these companies are making to come with the times very i tersting reading material to what’s been contributed.

[SMD]

Banking needs to be resolved at the federal level -- once that is done then the larger companies will crush the little guys. Taking a wait and see in Canada.

[OgSnowflake]

Originally Posted by SMD

Banking needs to be resolved at the federal level -- once that is done then the larger companies will crush the little guys. Taking a wait and see in Canada.

I think the little guys will just turn into the large companies and expand with their bankroll that can now be deposited and used for collateral loans on new smaller more refined ventures.

Large scale growing is good in any industry but cannabis, if you can’t touch feel smell talk to and have control over every seed or clone you plant. You arnt gonna make money in today’s current cannabis trends. Anybody can grow cannabis it’s not hard... very very few can grow good cannabis and that is what the 100% demand is for.

Or let’s look at it this way... maybe your cannabis super farm like the ones you guys are playing in the stocks ...says hey let’s use our giant money and shrink our fields to grow rooms....and they to follow the trend of smaller scale growing in a larger level and all u guys get stupid rich....another way to look at it but I think the giant fields days r over.