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Bullboard - Stock Discussion Forum Nova Cannabis Inc T.NOVC

Alternate Symbol(s):  NVACF

Consumer Cyclical Specialty Retail
Nova Cannabis Inc. is a Canada-based cannabis retailer. The Company’s principal activity is the operation of retail cannabis stores in Canada. It is focused on disrupting the cannabis retail market by offering a wide range of high-quality cannabis products. The Company operates under the brand name Value Buds and Firesale Cannabis for its cannabis retail locations in Alberta and Ontario, and... see more

TSX:NOVC - Post Discussion

Nova Cannabis Inc > 0.48...unreal
View:
Post by Pat123 on Dec 02, 2022 8:37am

0.48...unreal

The stock is manipulated big time. Market cap of $27M, selling at 1/10 of next year sales, positive EBITDA, net cash...Except from a manipulation by SNDL to buy the remaining ownership, can someone explain why the stock is trading at $0.48?
Comment by Pat123 on Dec 02, 2022 10:54pm
Touched 0.34. The stock is selling at 1x  2023 Ebitda. Never seen this this in my life
Nova Cannabis Inc