GREY:ALEAF - Post by User
Post by
sthineion Feb 20, 2021 11:40am
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Post# 32618660
CEO stated Jan 7 that EU GMP coming in 4-6 weeks
CEO stated Jan 7 that EU GMP coming in 4-6 weeks
That means it should be this week at the latest. I sure hope he was not blowing smoke. Aleafia has a good opportunity to move higher here with that announcement.
All the big producers have reduced wholesale sales of cannabis in a huge way. SNDL announced last earnings that thier wholesal business will be cut from 90% of sales down to 20%, CGC ended plans for outdoor grow, TLRY has ended that line of business, Aurora closed 4 production facilities and cut production at their huge SKY location. All of this happened in mid to late 2020 so Aleaf should be able to sell their wholesale product to LPs where needed and use the rest for their own internal needs. The only other publicly traded company with outdoor grow op in second year of cultivation is Weedmd. They also like ALEAF used the recent jump in stock prices to issue more shares through Eight Capital. Eiight Capital and Mackie were knocking on doors to drum up more business. Weed MD sold shares at .82 and stock now at .56 and their offering closes March 4. Aleaf doing relatively well and did not screw their Underwriter. Cantor was the US firm who lost 700 staff in Twin Towers during 9/11. Look for a US offering in the coming weeks months just as Fire and Flower announced this week and yes FAF trade at only 1.38 and reverse split will be be necessary just as with Aleaf.