Great post mate. What seems to be overlooked by many is that THC have steadily built up a portfolio of assets unequalled by any other Australian MC company. They have built a diverse company on rock solid foundations, while others have taken the cheap and quick way forward by building a straw company on shifting sands. While other companies might shine initially, THC has built for the future, and will outpace and outlast most if not all of its competitors.
THC is effectively a new company in a new industry, an industry where nobody really knows just how big and how fast this will grow, or even the best way to take advantage of the huge potential which undoubtedly exists. It's largely trial and error, with some lessons available from the North American experience. The patience, diligence and foresight displayed by THC's team in getting the company to the point where it is now poised to grow exponentially is to be commended.
The process of obtaining all the licences, permits, approvals and certification to build and develop a medical cannabis facility in Australia is daunting, laborious and frustrating, but THC have stuck to the task, and at the same time have been doing the groundwork necessary to ramp up production and revenue streams when all the boxes are ticked. It appears that many investors expected overnight revenues and profits, but the reality is that until all the licences and other formalities were completed, there was really little more that THC could have done up to this point.
The THC future looks very bright to me.
THC Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
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