OTCPK:NCNNF - Post by User
Post by
uptown59on Mar 25, 2019 11:41am
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Post# 29531748
Gaps are well filled now
Gaps are well filled nowTrading range is getting narrower, more retail and institution buying to date will drive higher highs and higher lows. Gap buyers will not be sellors until the next catalyst driven share price increase, not sure if closing of PP will move SP much but OD license will. I`m not sure if new cash float already has a use but at this point it would make sense to wait for the right opportunity. It will be while before N48 is cash flow positive so it makes sense to babysit the COH without abusing it.
Remember, just because you have Pot dosent mean you can sell it, a lot of pot grown will go into storage so dont expect instant big revenues from Pot sales. Not sure what N48s contractual obligations are with provincial online stores, but hopefully Tokyo Smoke will help with sales. I`m hoping that N48 has access to sell in the US, perhaps the Avitas JV is reciprocal, and maybe CGC is a buyer.
Hang tight, with the volatilty from smallish OS, this maybe a stomach churning ride.
GLTAL