RE:RE:Oil Capsules Aleafia:
They had $429,146 in cannabis sales in the last 3 months (also in the last 9 months - meaning zero in the 6 previous months).
Of their $76,210,345 in assets, sure they have $22.8M in cash, but they also have ~$23M in Intangibles and another ~$15M in Goodwill. That's 50% of their total assets that simply do no exist.
The market cap of said company? Oh just $265M...more than double Emblem's $130M.
Yeah. You can't look at these things and make sense of them save for the market sometimes being irrational.
The only thing that will change Emblem's share price is the entire cannabis stock market shareholder base realizing they own paper tigers.
It will happen as Emblem and a few others start ramping up revenues, earnings and profits and get investments from large financial institutions that do not dilute their current shareholders. That is it.
If you are a Canopy or an ACB or a APHA it's too late...you've already been diluted. There is nothing left there to be a part of in terms of big gains (less so with APHA due to their recent return to some semblance of sanity after that short attack - but still to a large degree).