RE:Done Deal - Gonna be bought out. While I like the enthusiasm I would be more cautious to call it. It would make logical sense for another weed small cap like mym to buyout puf. They could swap shares for nothing and see the price rise to a major Quebec build out, Ontario expansion and the Australia deal if that pans out. Both are high risk plays that need that kind of clean transparent slate. License would be the first step.
Westcoast123 wrote: Hello all,
well here we are. The final lap of this race with PUF Ventures. Based on the latest press release and the approach of this management team, it is my opinion, that Puf will be bought out lock stock and barrel by another company. Or at least, some one will be taking over the facility and actual production of cannabis from Puf.
While so many.... well actual...ALL.... ACMPR applicants are putting out private placements to built out, buy more property, create mergers, enter into joint ventures... Puf has completely and utterly remained silent on their path to the future of cannabis production in Canada.
Either this management team inexplicably fallen asleep and have abandoned the company or there has been an agreement to sell, merge, or enter into a hand over contract with another LP...once the licence is in hand. I can not imagine that after all the amazing work that has been done (Australia, canopy deal, Cannvas) that it’s Pufs aim simply to get a meager 8800 sqft facility up and running to produce 600kgs of product. In this market, that would be akin to opening a corner grocery store next to superstore. Your gonna get killed. Never mind that it will be simply an irrelevant production capacity for the market.
No, I do not believe that this will be the case here. Someone has a plan for this licence and the prospect of taking it to the next level.
Again, let’s not forget that Puf truly is the only. The only. The only company at this stage NOT raising funds for further growth. NOT defining their future plans for phased growth. NOT aggressively seeking out land, buildings, etc for expansion.
The only reason I can see for this is that ITS A DONE DEAL.
Someone has claimed ownership of this soon to be issued licence.. at a price.
So hold on to your shares and gather what you can. The attestation of completion should be submitted no later than next week. And then a licence. Very soon after.
And then....
Game over, cash out time.