No longer a YOLO investment...As a recent shareholder, I am excited about how well this Company is positioned after winning the 'POT' ticker. The Company received free organic media coverage on just about every Canadian prominent media outlet - BNN, Bloomberg, Financial Post, Globe & Mail, etc. For a small cap company, that coverage is absolutely priceless.
On the back of that, over 67 million shares traded Friday and currently ~47 million shares traded today. >114 million shares traded hands over the past two days, the Company has a new and supportive shareholder base. The next most active stock on the CSE is HUGE (which has only traded ~6 million shares today).
The Company should generate $10 million to $20 million in proceeds from warrant excersizes if the SP stays at current levels, which is an attractive source of funding for growth plans.
Furthermore, I have been very impressed by the newly-recruited CEO. For a Company of this stage, the quality of the management team is critical, and Chu has thus far given me every bit of confidence that he is running this operation tightly. I am also happy that they have issued 2 million options to him which will ensure that he is highly aligned and motivated moving forward.
All in all - very happy with how things are progressing.
GLTA