downdraft
2 days ago
Added a few more shares today. I look at TXTM as a steady, long term investment, not a two week moonshot.
This kind of business reminds me of the growth phase of a large beer brewery - steady solid growth for 5-7 years while they build out their manufacturing and customer bases, followed by massive growth.
While it may be easy for TXTM to get many new farms on board, they’re going to need a lot of huge kettles to extract their products from live plants, in volume.
Big breweries like Sierra Nevada Brewing got a huge leg up on their competition by manufacturing their own beer making equipment. Even that had to have been expensive as they would have needed a large team of welders along all of the stainless steel costs.
So if TXTM has to get someone to make many large kettles, that would be expensive and time-consuming. Hopefully that has been in the works for the past couple years. I’m sure management is well aware of what it will take to produce cannabis based medicine on a large scale.
But can you imagine the day they get a dozen or two of their patented kettles in place, with each one extracting products at 10 to 15 times the bioavailability of traditional methods, then I figure they will be well on their way towards a near-monopoly in this medical marijuana space, on a global scale.
So for now, I’m quite content to see the stock hang out here for quite a while, while I accumulate shares for the long haul. It can even go down for now as far as I’m concerned.
Once TXTM is able to produce at scale, revenue, profits and the stock price should become a long term super-gift. Patience, grasshopper.
Just my opinion; not investment advice.
Art67
4 days ago
ok, so dollar doesn't move higher? if that's your thinking,bottom line is,till the day comes it's actually verified,how much asset worth,there will not be any movement here price wise.Now i don't know what J was doing 3yrs,it looks like he stuck in same mud as b4,with nothing happening.