More disclosure requiredThe disclosure on recent activity is pretty light. Buying this stock now with the limited info provided is betting on Chuck.
They paid 1 million to PanCann for 13 streaming agreements but provide no details on these agreements. Yet in the BNN interview Chuck makes it sound like this is what makes the company. I don't think PanCann gave CBW somethinbg for nothing; they sold them something worth 1 million dollars.
Market cap is around 450 million. Book value is around 5 million if we include the in the money warrants. That is a huge disconnect. A price to book value multiple of 90 is absurd. Price to book is kind of like gravity; you can defy it for a while but at some point it will exert its influence.
Canopy has a price to book of about 5 according to Yahoo. So for CBW to justify their current market cap they need to raise about 50 million. That would get their price to book down to about 10.
Also why do they say they are the only streaming company? There is PanCann and CannaRoyalty (CRZ) at least.