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Inner Spirit Holdings Ltd. INSHF

Inner Spirit Holdings Ltd. has established a growing network of recreational cannabis stores across Canada under its Spiritleaf brand. The Spiritleaf network includes franchised and corporate-owned stores. The company aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.


GREY:INSHF - Post by User

Comment by Toweringmarson Dec 18, 2018 3:38pm
108 Views
Post# 29131066

RE:RE:RE:Instinet and Annon

RE:RE:RE:Instinet and AnnonA little breakdown of the situation for all those worried about this short attack hiccup. As of yesterday short trades account for 18.7 of the volume here. We've had worse pressure as far as monetary value before, but never this much volume wise. The squeeze here will be real nice. In the meantime heres a few tidbits to snack on: "Two of the companys corporate locations on Whyte Avenue in Edmonton and the Beltline in Calgary also received their final inspection from the AGLC along with two additional franchise locations in each of Calgary & Edmonton." ---> Both these locations are eligible for license's even with the suspention in Alberta due to the fact that applications we're already submitted, and it could easily be before Christmas as they've already received final inspection. I'm not holding my breath on them at the time, but things change in this industry daily. 26 other stores are in various stages of development. Like I was saying, this pause works out brilliantly in our favor. As who knows when the suspension is lifted, but we'll have 26 stores ready to apply for final inspection. 3 stores in Alberta + 2 corporate stores + 26 new locations would bring us to 31 stores in Alberta. 1 store in Sask. "Spirit Leaf Inc. and its franchise partners have also submitted non-medical cannabis retail license applications to The British Columbia Liquor and Cannabis Regulation Branch for its secured locations and continue to progress through the due diligence process." This is pretty vague, but could mean our full 8 stores pending completion will be ready for inspection. Bringing the count to 40 stores. In the meantime, Watch It! has 8 corporate stores and 7 franchise stores (15) who are about to go through one of the busiest seasons for retail. As many of the naysayers and bashers seem to forget we have 15 watch it stores. (which, lets be honest, the spirit leaf stores will likely have an opportunity in the future to showcase some of their preferred lines.) When the combination happened. The watch it division was valued at 2,958,298 fair market value. Watch It! Alone was worth 0.09 per share. 27,345,516 Class A Common Shares at $0.0909 per share Total "current" assets per the last financials we're 10,497,466 (including securities of other companies) + the 2.25m just received from the first tranche of the Tilray deal. = 12,747,466.00 ... That's more liquidity than a lot of the other plays in this industry. A lot of these LP's have drawdown facilities. Which are nice for liquidity, but dilute the absolute sht out of shareholders as the drawdowns are done at a premium to market price. We have securities and money, rather than future dilution. Even though the shareprice doesn't reflect it right now, we're sitting rather pretty. Its a long game from here, but if you take out the Instinet and Anon shorts, theres really not that much stopping this from being back at .18 a share. Hold tight folks.
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