Hey there. Drone Delivery is a very interesting company. Industry leader in a growing market. Obviously with the company not generating revenue it is in its infancy stages and is a speculative play, depending on the success and popularity of future drone delivery methods.
Obviously with zero revenue generated, it's impossible to gauge past or future growth. But, there is potential here.
Numinus Wellness is a very interesting company as well, we just have to understand from a valuation perspective, if you're buying at these levels, you're paying a hefty premium. In fact, over 140 times sales currently.
The company has the potential for explosive growth, it's essentially one of the first companies here to get a license to extract psilocybin from mushrooms and test it.
Keep in mind, psilocybin is still very much illegal in Canada right now. I expect that to change eventually, and the United States is changing its tune as well. But a lot can be brought to light or go wrong during clinical trials. This is a company that is in its very early stages and is very much a speculative play, even more so than Drone Delivery.
As always, with these small/nano-cap stocks, it's pretty important to purchase with expendable cash. Numiness went from $0.87 in May to $0.22 in August. You would have saw a $10,000 investment shrink to $2640 in as little as 3 months. That's how volatile these plays are.