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Neptune's MOOD RING™ — our proprietary cannabis line coming to Canadian stores soon. Here's a behind-the-scenes video of High CBD Capsules being manufactured at the our purpose-built facility in Sherbrooke, Quebec.
I held my nose and finally reentered. It's a very small position in NEPT purchased in my IRA this morning.
I am very aware that there may be a long wait, possibly 2 years, before their most recent transition becomes 'fruitful'. I think it was wise of them to enter the end user, consumer marketplace, as their extraction businesses are on the lower end of the profitability scale (as they admit).
I expect a very bumpy ride and may reconsider this decision at any time. My largest concern at the moment would be for them to do another cash raise while the stock price is depressed. From an operational standpoint, I would understand but from a shareholder's view, that would be very disappointing.
They had a news release out today.. I have verified that the products are now available in BC per news release.. I guess we have to see whether they get any traction or not since it is a very competitive market.. Plus I wish they'd tone down the hyperbole a bit.. They need a new IR person IMHO..
It will be interesting to see if there's a short term run coming, with the change of the year. Unless one purchased NEPT in March or April, most are substantially underwater and may have been taking losses over the past several weeks.