You're quite right Alpha. It's amazing that some people who invest in the sharemarket seem to have no concept whatsoever of the realities of starting and developing a new business. And this is not just a new business, it's a new business in a completely new industry. I doubt if any of the cannabis companies worldwide has yet made a profit, but that hasn't stopped the inflow of billions of dollars into the industry.
As has been mentioned previously, a new mining company can usually take 7 - 8 years before it starts to produce any income, let alone make a profit, but look at the large number of successful mining companies which rode out that long 7 - 8 year wait for income and are now making huge profits.
The same will happen in the medical marijuana and hemp businesses, but we won't have to wait 7 - 8 years. I believe that we'll be seeing significant income within 12 months and profits within 2 years.
QBL Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held