I sold out yesterday, made an absolute killing on this stock. Will possibly look to get back in after the upcoming drop in SP. It's climbed too far too fast for their current financials and competition in the segment is already putting pressure on them. Since the start of January there has been ~30 new gummie products appearing for order on Canview and they are all manufactured in Canada. The great migration from oil to gummies is well underway for product manufacturers and BXN just happened to get in first, unfortunately for them in this industry there is no such thing as holding onto the lead as everyone just undercuts each other on price (just ask Cannatrek).
Given their current financials the market cap should be somewhere between $30m - $40m but it's triple that. Shows you how big a fall the SP will be taking in the next month or so. If you're still holding, you have my respect for having some serious kahunas! Hopefully there is still some upside left for you before things abruptly revert course.
All I need now is for ECS to take-off so I can get the trifecta - VIT, BXN and next up ECS for the P&D's.
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