RE:And the buybacks have begun again...1,711,000 shares bought back/redeemed in June. Must be getting close to fully using the 21/22 NCIB program.
Highly likely another 5M+ buyback program, will be put in place for 22/23 by August 2022.
At a SP of .09 to .11, it's a no brainer when the NAV/sh = .20 to .28. Can't get those kind of returns with Cannabis stocks these days (most down about 85% on average from early 2021)
Every buyback puts value back in the pocket of the shareholders who retain their postion, while at teh same time boosting NAV/sh.
In the meantime you get a 5% dividend (assuming a CB of .10), while awaiting a turn-around in the Cannabis sector (via US legislation in 2023 or 2024?) and or a general markets recovery (likely not until 2023). Noting that QCA is getting close to being 50% NON-Cannabis.
MM