Bullboard - Stock Discussion Forum C21 Investments Inc CXXIF

Primary Symbol: C.CXXI

Healthcare Cannabis

C21 Investments Inc. is a Canada-based vertically integrated cannabis company. The Company cultivates, processes, and distributes cannabis and hemp-derived consumer products in the United States. The Company is focused on value creation through the disciplined acquisition and integration of core retail, manufacturing, and distribution assets in strategic markets, leveraging industry- retail... see more

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CSE:CXXI - Post Discussion

C21 Investments Inc > More CXXI Observations

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Post by MuttleyKnows on Jan 29, 2021 6:14am

More CXXI Observations

While we await more positive news flow coming out from CXXI, there are a few more things I wanted to point out to everyone. Firstly the money raised from all the warrants will allow the company to payoff their final major liability that needs to be dealt with. The tax debt that is owing. That means the balance sheet is going to pristine with only the long term debt owed to sonny which can be serviced from existing cash flow. Secondly the consolidation of the industry is coming. I keep saying that cxxi has a great platform for expansion in Nevada but the company is also a takeover target. I have recrunched the numbers. Even without SAFE and MORE and the non dilutive debt deal, I think the company is conservatively worth C$3.50 to C$4 now.

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