I think everyone needs to chill abit imo the salaries don’t faze me so long as the results are there and imo what JC has done in the last 12 months has been leaps and bounds from what he was handed in the beginning.
I read something on reddit last week that mmj has to reduce the holding of hvt I was under the impression it had something to do with the law in Canada and needing to make their way towards 20% ownership but not exactly sure why they were saying this as it was only briefly touched on.. maybe investment companies can’t hold more than 20 % as so a company like mmj can’t dump 30% and tumble the sp? Or be able to hand enough of a share to change majority holding if unloaded? If this is the case the divestment was necessary and either way considering they waited out recreation and saw no increase in hvt or market really then ditching some hvt shares and expanding the portfolio for the turn around when it arises was a good idea. Remember there weren’t many of us not expecting SP’s to sky rocket including JC.
Anyway, before this morning it wasn’t all doom and gloom 12 more months to ride mmjs current investments plus the rest to come is no big deal in my eyes. Tide will turn with revenue and the next wave of people to flood in will be following the money. This industry is going to be huge.. sorry timing was not as expected but nothing has changed imo and we will only continue to grow in share price and mrkt cap. There is currently a lot of money sitting in investments to be moved around for further investments and wages to be paid.
MMJ Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held