Based on the fact that no one with half a brain will be willing to sell off this close to a game changing announcement at a loss.
Perhaps you did not read the announcement regarding the fact that to their knowledge NO company has been rejected a license when they have passed the pre license inspection and MMJ have not received any information that would suggest otherwise from Health Canada .
Assuming that HC maintain their current speed of inspections ,MMJ have highlighted again in their announcement that previous similar licenses were issued within a 3 month timeframe after the pre license inspection.
It has now been 3 months.
This is longer than some including myself and MMJ thought it would take which is the reason for buying in earlier and averaging down but the fundamentals are still in place and the management are making the right connections.
I will agree it is being needlessly punished because other MC companies are being more proactive at the moment .MMJ's last announcement was the 2/5/16.Not an eternity ago but with the consistent news flow from others ,seems like it.
We will get our run soon enough!
MMJ Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
