RE:RE:NCIB Share buy backYeah this announcement should be an attention getter and hopefully mainstream media picks it up. I suspect however proof will be in the pudding.
With all the negativity surrounding the sector it wouldn't surprise me if investors/market discount it. Unfortunately issuing a NCIB buyback announcement have been used in the past by less reputable companies in effort to prop up share price with no inention of ever actually buying shares back.
Best case I think is that we see the announcement cause investors and funds to take notice and look into the company that they may otherwise not even known exists. Then if DN follows through with the NCIB and updates the market accordingly, it provides more proof the company is legit, performing well, and being truthful with investors/market.
I agree the announcement puts to rest concerns about further dilution. I'll also add that the recent store purchase followed with actual buy back of shares certainly demonstrates the revenue and cash flow they report is legit.
GLTA.
Deltauser wrote: This certainly alleviates any concerns I had about dilution for purchasing the Sask. Store. Great work D9!
@anshutz - I agree completely, buybacks should be a real attention getter in the cannabis space (anyone else doing buybacks??)