Canadian weed stocks have a serious accounting problem

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Zero_OS

Well-Known Member
Who is this forensic accountant that doesn't like canadian mj stocks or the frothy blockchain?? Looks like he missed out on the rock solid gains in the mj stocks in the last several months, and the 1000++% gains in the cryptos this past year. I'll pass on his advice.
 
TheRealDman

TheRealDman

Well-Known Member
Accountability Research Corp., which Rosen runs with his son, Mark, is warning those statements are misleading and allow companies to overstate profitability.
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Overstate?!?! Not a single LP has ever turned a nickel in profits, and one of those LP’s (CanOPee) totes a $7B market cap, with Aurora quickly closing in. By Q3 2018 the bubble is gonna pop. When all those promised new customers never materialize, the ride will come to a complete stop as investors bail.
 
Z

Zero_OS

Well-Known Member
CalyxCrusher said:
Yep, bitcoin is tanking............
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Yep, some might say blood on the street, but in the crypto space 40 down from the peak is par for the course and is more like a small flesh wound that requires a tiny bandaid...

Suffice it to say, there are two types of people in this world, 1) those who buy a little when there is a little spilled blood (and a lot when there is a lot of spilled blood), and 2) those who don't.
 
The Hippy

The Hippy

Well-Known Member
TheRealDman said:
Overstate?!?! Not a single LP has ever turned a nickel in profits, and one of those LP’s (CanOPee) totes a $7B market cap, with Aurora quickly closing in. By Q3 2018 the bubble is gonna pop. When all those promised new customers never materialize, the ride will come to a complete stop as investors bail.
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So true Dman......I can't figure out how they think there will be a market large enough to buy all the crap they have stored up. 90 some odd LP's all growing their greedy little hearts out. Where do they think it's all gonna go?
It baffles me as to why the Gov and the LP's think there is a viable market place. Even a dumb old Hippy like me knows that's not gonna happen.
Fuck are they gonna be over stocked 6 months into the new store openings.
 
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gb123

Well-Known Member
yes...the things will eat just about anything lol
what ever you do...don't push them or let them in the house lol
 
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