profit taking..?, page-58

Ah yes, those poor, poor original IPO investors. I'm sure they're devastated by their measly +300% return in 18 months. With a price that never dipped below the IPO, and with every capital raise being at a much higher price than the previous. Just awful, my heart goes out to them.

After IPO this business was chugging along just fine, with cashflow being fairly neutral in regards to business operations. It's right there in the early quarterlies. So why did they raise money? Don't you remember the 2018 Farm Bill? Considering how rapidly the legal and regulatory environment has been developing in regards to hemp and cannabis, it's not surprising that the business plan has been changing. Once the farm bill passed they started raising big money (at double the IPO price, I'm sure the early IPO investors were real sad about that...) and have been using it to expand operations in the US. Exactly the kind of ambition I want to see in a new market, and I'm glad to see them raise money to try and take advantage of it. After all, raising money to fund business is the whole point of the stock market. I'll happily take a smaller share in an even larger business.

Obviously we still need to see how all this actually plays out, but acting as if this is some IPO flop is the most laughable thing yet in this ridiculous thread. Along with other insights like how they raised a bunch of money and now they're spending it. Shocking. It's almost like they're doing exactly what they said they were going to do. Good detective work lads.