I’ve got a lot of comments and tweets and email about many of the companies I write about, but few have brought about the vitriol from a certain crowd as Liberty Leaf has over the last few months.
While most of the weed companies we’ve written about went parabolic at the end of last year, Liberty Leaf stalled a bit, then dropped a bit, after an early spurt.
Why didn’t it take off like the others? No definitive deal.
The company has said they have an LOI with a California company that runs dispensaries and grows and more, but that company doesn’t have a big web presence (federally illegal, so obviously), and news since that earlier announcement hasn’t exactly been blazing out of 789 West Pender.
So why am I writing about them now? Two reasons.
- It’s time for Liberty Leaf to shit or get off the pot (no pun intended). That deal needs to go definitive and soon, or the naysayers will have been proven right.
- The stock price is doing something.
From $0.12 to $0.20 in a few weeks is nothing to sneeze at. Volume is building. They’re out of the teens.
This, usually, means there’s either been a seismic shift in the sector (and there hasn’t, in this case), there’s been a promotion campaign launched (again, nope), or rumours are afoot.
There’s another thing worth noting here, and that’s the fact that a lot of early cheap paper will have been turned into warrants cash by now, which will have the company war chest at a satisfying level, at just the right time. If those warrants are now cashed out, it would stand to reason that the share price would start moving back to where it was earlier.
This is the moment for Liberty Leaf to either get its shit together, or go down hard.
I bumped into the LIB brains trust in the street last week, on my way to another meeting, but stuck around long enough to ask if anything is coming soon. The response was basically this:
I don’t know what that means. But I suspect it’s not a ‘no.’
— Chris Parry
FULL DISCLOSURE: Liberty Leaf is an Equity.Guru marketing client.