RE:RE:Question
Unfortunately AXE management likely saw this as a way to exit with cash in their pocket. Sure, the cannabis market provides a lot of potential, but Phase I and II offer very little revenue potential imo and they will have to dilute much more to complete Phase III. I'd be more inclined to take the 1 for 16 rollback if they brought an aggressive growth plan with materially producing assets, but it's not the case. Glade I only bought a few shares, but lesson learnt.