OTCQB:VVCIF - Post by User
Comment by
zen2twentyon Sep 18, 2018 5:40pm
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Post# 28642617
RE:RE:RE:Sadly :(
RE:RE:RE:Sadly :( Darrow100 wrote: The main problem with VIVO as I see it is that they are in the midst of a huge new construction phase at their alternate site that probably won't be completed for some time.
Many like Canopy are up and running full steam.
It will likely take 6/10 months before VIVO is in full production and at that point they should be a force in the canabis market.
So far as capital is concerned they appear, from my perspective, to be well financed at this point and I don't see why they would be issuing further shares.
I have traded VIVO but am out of it right now but expect to dive back in as the price fluctuates.
Pacience
Vivo will have 8 times the capacity from July 2018 to the end of the year. From 1500kg too over 12000kg. The new constuction won't have any impact on production for 12/18 months.
As soon as the Australia and Germany news comes in we will move.
Vivo will also have over $20 million in revenue by the end of the year, so any talk of share issuance @ $1.65 is laughable.
52 week high before the end of the year, IMO.