GREY:SNNVF - Post by User
Comment by
ACBCRZMARIMYMon Oct 16, 2018 2:15pm
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Post# 28811942
RE:RE:At this Price add to Position for MMEN or SNN?
RE:RE:At this Price add to Position for MMEN or SNN?GOTMONEY wrote: MMEN will grow, but they will continue to dilute as their market cap increases. So their share price won't necessarily follow suit. In Sunniva's case, by contrast, growth in share price will largely parallel growth in market cap. For reference, you can consider the growth of Aurora vs Canopy's growth - the difference between mostly buying it and mostly building it. And if you're looking for short-term catalysts, this industry is not yet at the stage where financials play that role. Sunniva actually has many catalysts pending in the immediate timeframe, and their price has been greatly depressed to the point that their market cap is something like 1/20th MMEN's market cap. So I would say SNN is where you will find more upside in the short term, medium term and beyond.
So I did go with SNN and added another 1000 shares at 5.18 last Friday before legalization.
I did not expect it to go lwer to 5.14 sofar just hours before legalization.
Seems their California operations is priority, probably the largest greenhouse in all Calfornia.
Looking forward to spin-out, Nasdaq listing.
Patience required.