GREY:CVHIF - Post by User
Comment by
brentski99on Feb 10, 2020 2:54pm
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Post# 30669390
RE:RE:RE:RE:RE:RE:Heritage Cannabis almost 15 times our market cap.......
RE:RE:RE:RE:RE:RE:Heritage Cannabis almost 15 times our market cap.......I would feel a lot better if they cashed out of their Rehab assets. That would be the best news as far as i am concerned. Then go after some firesale high value aqusitions and possible re-negotiate the ones we are in the process of buying. It might pay to walk away in some cases as cash is king and time is on our side. Some companies do not have that luxury and are looking at liquidation and bankruptcy and not because they have poor quality assets but because of a lack of capital or they overextended themselves by moving too aggresively in their expansion plans.
Aurora in Canada is a prime example of this and it is questionable that they will survive. Medmen in the USA is the one I see as a company that has great assets (stores and licenses) especially in California that will probably not survive. At least in it's present state. VCAN needs to be absolutely cashed up asap to be enabled to take advantage of this situation.