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Last edited 6 years ago
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#Bear Case
stale
Last edited 6 years ago

While there is undoubtedly a huge potential market, the business has no sales and is fast bleeding cash. There are significant capital expenditures required as the business builds out its infrastrcuture and funds its R&D.

Their product, while requiring regulatory licensing, is essentially a commodity. Easily cultivated, fast growing and largely undifferentiated, with any growth in demand easily able to be met by a rapid and significant global supply response.

Very speculative, early stage business trading on the promise of an industry that may (or may not) develop as hoped -- buyer beware