RE:MYM Nutraceuticals Should Not Have Joined IM Cannabis
Yet again big old Moose doesn't have a sweet clue as to the relationship between the three companies. Remove Biome from your drivel, they are out of the picture. Biome owned Highland Grow and started it all. Highland Grow was sold to MYM which was then acquired by IMCC. As to Nasdaq delisting, should the share price drop below $1US for an extended period of time they will be issued a warning and then have up to 90 days to bring the price back up. CEO Oren Schuster just acquired $450 000 worth of stock at an average price of $2.80. Likely the shares have been leveraged by a broker to do things in the market. Take advantage and buy at a discount to the man who has a frontline view of the company's direction. If you listened to the conference call you would have heard the CFO project profitable operations exiting Q2. $14 million of cash on hand and no plans for any new acquisitions. $29 million on balance sheet listed in inventory so expect a bit less than that reported for revenue soon. The opportunity is here to buy this for 1x revenue on the cusp of significant growth through the remainder of the year. All stocks in the sector are down and still joined at the hip. ETF MSOS is the leading indicator and until things change we are stuck. 69 MILLION shares outstanding and a high volume day is 50-70 thousand, ha. I have no idea why you still bring up FSD pharma as that has no relevance to this company and continues to show your ignorance.