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BRIGHT GREEN anyone have this or know about stock shot up MEGA they are in NM

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(@gtosali1967)
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(@dhtaylor)
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@gtosali1967 

I thought this company was out of Mississippi since there is a farm there that is authorized under federal law to grow/develop cannabis.  Maybe it is the same company but, they are moving toward New Mexico.  

This was a decent move higher.  I will look into this company to see if it is one I should start covering.


   
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(@markshinnick)
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Joined: 9 months ago
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@dhtaylor Pretty damm impressive situation somebody cashed-out with.  Nearly $60 less than a year ago to 1.16....looking forward to seeing what you come up with.....like if the company itself made most of that cash.


   
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(@dhtaylor)
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@markshinnick Hey Mark... from what I can tell, they are still in the process of raising capital. They are showing new sales opportunities at $39.99 for their shares for qualified investors.  If I am reading this correctly, that means they are about to dilute they current shareholders.  They have 169M shares outstanding.  They are trying to raise $500M more via this offering and the EB program.  That is an additional ~12M shares to be issued.  Not huge compared to their current share count.  Then, they need to build out and ramp up.  Hmmm... that sounds like a 2.5 year project.  Then, they need to become profitable.  Everybody has a plan.  But, and as we can see, these plans take time to fruition.  

For me, there are plenty of opportunities for companies that have already gone through this process and are well ahead of the pack.  ALL cannabis stocks are equally undervalued.  But, there is a lot of time that would need to be invested into this.  After initially getting involved in these stocks all the way back in 2018, I'm more inclined to find opportunities that will pay out today.  I'm done waiting.  


   
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(@markshinnick)
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@dhtaylor Makes sense, thanks.  Love the Mike Tyson wisdom.


   
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