OTCQX:CNXXF - Post by User
Comment by
Chris2982on Oct 16, 2018 11:54am
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Post# 28810472
RE:RE:Spoke to anthony
RE:RE:Spoke to anthonythe comparisons to gtii are not laughable at all. think about it like this: cannex could acquire very small operations in several states that wouldn't add a ton of shares outstanding to the company then they could take those operations and make the exact same projections that gtii is making now. if a couple small acquisitions can put them in the same league then they must already be in the same league to begin with. on top of that they can take the profits earned from the mature washington operation and use it to pay for M&A in other states and so reduce the dilutionary effects of purchasing with shares.
gtii should have a price premium to cannex because they are already a multi state player but I dont think that it should be valued 30x higher