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Cannara Biotech Inc. V.LOVE

Alternate Symbol(s):  LOVFF

Healthcare Cannabis
Cannara Biotech Inc. is a Canada-based vertically integrated producer of premium-grade cannabis and cannabis-derivative products for the Quebec and Canadian markets. It operates through its wholly owned subsidiaries, Cannara Biotech (Quebec) Inc. and Cannara Biotech (Valleyfield) Inc. The Company owns two mega facilities based in Quebec spanning over 1,650,000 square feet, providing the Company with 100,000 kilograms of annualized cultivation output. It operates in two segments: Cannabis operations and Real estate operations. The Cannabis operations, which encompasses the cultivation, processing and sale of dried cannabis and cannabis derivatives for the Canadian market and other cannabis services (Cannabis operations). The Real estate operations, related to the Farnham and Valleyfield building (Real estate operations). The Company’s brand portfolio includes Tribal, Nugz, and Orchid CBD. Orchid CBD is a wellness brand that provides premium CBD-dominant cannabis.


TSXV:LOVE - Post by User

Cannara Biotech Inc. > Lenny gone
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Comment by GordonGecko1986on Nov 05, 2020 9:40pm
195 Views
Post# 31849346

RE:Lenny gone

RE:Lenny gone
Where did you get that? Numbers won't be super good for sure. Sell's pace should not accelerate. So, no big surprise if numbers are bad. 
 
What ever the numbers, they must have the recreational permit. 
( https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/industry-licensees-applicants/licensed-cultivators-processors-sellers.html )
 
Once they have this... may be the price will go back to 0.17$. If sells are good, may be 0.30$. Anyway, sure that they'll invest to the phase 2 automatically. Future demand on cannabis are up and not because Biden will win, Quebec demand are rising 3x since last quarter. Seek for their latest cannabis demand canadian gov projection. 
 
Cannabis stocking is another part of the problem in Canada. It should lowered down soon (like in the next 9 months) based on their projection.

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