hello Bas, what many seem to miss here this business revolves around horticulture and distribution ,all carry risk. The next quarterly report particularly production will have a considerable bearing on wether they are achieving tangible results, the other issue will be the regulatory environment and I believe that has been restrictive overseas, all reminiscent of an era long gone when hemp was widely accepted in the USA and western world CGB have no control over the shifting boundary of regulatory approval I feel there are other forces at play raising objection to the broader field of hemp production and its many uses (read the History of Hemp) which would undoubtedly threaten many established businesses in the western world, the remainder of the world China , India,and many of those Stan countries have long held hemp production as an integral part of their horticulture and economy which is largely restricted by import regulations to the western world.
Hemp is about as green as you can get for climate change theory advocates and could be a future bonanza for broad acre and mixed farming operators in Australia and the western world, so until we have more information it will remain opaque and while it does there is I believe rampant manipulation of stocks in the cannabis field a contributing factor being the wavering regulatory environment o/s and as for trading losses well I have losses that by any measure are significant not much different to Mr 90k down however I have been buying on structural dips 2.1, the last at 1.7 and the next should it reach that point will be 1.2 or 1.4 and have allowed 2 to 3 years as a speculative time frame for CGB to produce results the results I follow are based on primary production not so much profit and loss and CGBs production I think you will find is moving in a positive direction-----------------all the speculation will not change anything unless primary production improves and then distribution and the market itself might follow with a positive lead , CGB is an entity that is still almost embryonic only time will change that when you remain dependant on primary production---am I happy no, its inconvenient to say the least but I think the opportunity CGB represents can still be spectacular with a lot of "ifs"
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