Spyder Cannabis Inc. V.SPDR

Trading Halt..

[StockMaster420]

Can someone please explain what this trading halt could mean?
Im a new investor and SPDR looks very promoising with its recent news.
Would be greatly appreciated, thanks.

Here's to hoping.

[aurumtrader]

You can review trading Halts & Resumptions for Canadian stocks here: https://www.iiroc.ca/news/Pages/Halts-Resumptions.aspx Per review of the halt, it was "At the Requedt of the Company pending News". This typically means that a material event has occurred. Material being that the market could be significantly effected by the release of this information so the halt is requested

[StockMaster420]

Thank you very much for your input, greatly appreciated. Best of luck to you. 

[Fastlane2]

Let's spin the positive, I think they received an offer States side to be bought out. Spyder Cannabis hasn't received much love from the market and with their recent expansion with Tanger Outlets I'm guessing they were noticed as a possible threat/competitor. What is the company worth? 5 million, 10 million? Possible 100% from here. GL.

[aurumtrader]

I am down to believe that Fastlane2! Not a total stretch though. AUSA or Canopy Rivers could be options for an acquiror.

[midard]

Alcanna opened a retail outlet in Toronto back in april. Sales have averaged a healthy $450,000 per week, making it the highest-volume store of all its over 250 locations. This illustrates just how explosive cannabis retail can be for Alcanna going forward. when the permits are going to be delivered for Spyder, watch out. https://www.fool.ca/2019/09/04/alert-this-pot-retail-stock-is-a-bargain