Deep breaths....8 Dec 2020 12:17
Some of you guys definitely need to take a chill pill - I suggest test driving some of these CBD products... I stand corrected on CEOs - doesn't change the crux of the matter. Nothing wrong drawing comparisons between companies in the same field and their mcap: its comparing apples with apples. Same as drawing comparison between TSLA and Toyota.
The fact of the matter is Chill has 434 followers whilst CBDmd has 159k followers on instagram. This gives me an idea of the actual sales Chill currently makes. So the market values it on future potential i.e. hype. And I do not see any unique points in their products. Market is literally littered with CBD products, why do you think a consumer will suddenly switch to Chill? If someone smokes Camel, they will continue to smoke Camel unless major $$$ is invested to have this consumer change his purchasing habit.
I stand buy what I said - the hype does not justify the market cap. Doesn't mean it won't go higher - look at TSLA.