RE:Why ????The days of a rising tide lifting all boats will soon be over. After legalization if the market figures out that a cannabis stock cannot produce adequate sales to justify its share price the stock will go down and it will stay down because the only thing that will get it back up is adequate sales of which they don’t have. If WEED produces awesome sales and its share price runs to $75 don’t expect your penny stock to go up on that news like it has in the past. Look at what ACB was up to today. After investing $78 million into TGOD, that poor company had to put out the following:
THE GREEN ORGANIC DUTCHMAN PROVIDES UPDATE ON AURORA CANNABIS MILESTONE OPTION
The first milestone option under the investor rights agreement between The Green Organic Dutchman Holdings Ltd. and Aurora Cannabis Inc. has expired. The milestone option entitled Aurora to acquire an additional 8 per cent of the common shares of the company.
The milestone was achieved on Aug. 2, 2018, three months after the company's shares became listed on the Toronto Stock Exchange. The milestone option provided Aurora with the right to purchase 8 per cent of the company's shares (on a fully diluted basis) from treasury for cash at a 10-per-cent discount to the 10-day volume-weighted average price. Under the agreement, the milestone option has now expired, and the company has elected not to provide a further extension. In addition, pursuant to the terms of the agreement, all remaining milestone options to acquire additional interests in the company have expired.
All I have to say to ACB is that Karma’s a b!tch! Even at a 10% discount to the 10 day average price ACB preferred to let their option expired. ACB the big and mighty whale that was buying everything it could get its hands on, running the outstanding shares to over 1 Billion could not buy TGOD at a 10% discount after investing $78 million in the company! What a sh!t thing to do. The only question I have for ACB is: How many more companies that you have actually invested in will you now walk away from? How is this any way to run a company? Expect more of this in the future as companies do all they can to preserve their capital and Folks you should to! All IMO!
j_mart - wrote Why ????Would any of the pot stocks drop after legalization???