OTCQB:EMHTF - Post by User
Comment by
CaptainUpUpon Mar 27, 2017 11:33am
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Post# 26035796
RE:Still Undervalued
RE:Still UndervaluedI agree completely that EMH is undervalued, however I think we will see a steady increase over the next couple weeks that will lead to your estimate of $1.70 range, but after the official announcement by the government during the week of April 10th I think there will be a large spike, similar to November's (obviously with a drop off right after that). But there's no looking back now.
Yes the sector is getting a bit crowded, but once the official legislation has been released I think we will see a lot more deals like Canopy and Mettrum. ACB is poised to be a huge player and hasn't made any large mergers or acquisitions, and neither has Aphria (who has a lot of money banked) . . . So I can see both of them going after a deal with a company like EMH to turn themselves into a powerhouse. Regardless of what kind of deal Emerald gets into, or if they continue to go it alone for now, I think EMH is going to see huge growth over the next year in share price.
Patience is soon going to be rewarded! :D