Post by
Surfer13 on Jan 03, 2019 10:22am
Do people believe it will get bought out below $1.5 -$2?
Just curious that would be around 1.3-1.5 billion on its own, if they got a deal with a big company that a make it somewhere around 2.5-3billion. Just curious on peoples opinions? I know Jay said they were open to being bought out, and not sure the price they were set to be bought with cmed, but it definetely raised there value. I think this company has a lot to offer in the next 2-3 years with deal with medipharm labs. There growing capacity, there branding, there deal with ISH, Neal Brothers edibles line-up. I think they have what it takes to be a dominant top 5-10 company in North america when usa opens up, but they need a lot bigger pockets to get them to that level.
Comment by
EagerBeaver1972 on Jan 03, 2019 11:58am
I am doubtful it would be that high if this year. The expansions and positive earnings will drive us up, but LOTS of market factors will hammer it down. I am hoping we see 0.80 - 1.00 in February, and potentially a 30% increase on that if it happens. An early recession is also a possibility and then all bets are off.