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Cannamerica Brands Corp CNNXF

CannAmerica Brands Corp is involved in the Medical and Recreational Cannabis in the United States. The company's principal business is to build on and maximize the value of its brands by promoting, marketing, and licensing these brands through various distribution channels, including dispensaries, wholesalers, and distributors in the United States.


GREY:CNNXF - Post by User

Comment by Fizzy1985on Feb 16, 2019 2:26pm
80 Views
Post# 29375500

RE:Meh

RE:MehThere were quite a few shares unlocking in the next month...my guess is that someone leveraged and sold prior to the unlocking, that’s one idea...the other is that someone is trying to accumulate cheap shares. Financials don’t look great but they definitely support the 30 cent share price. Last financing that closed was at 60 cents. Expenses are very low seeing as they just make a cut from all their products sold. Maybe someone at Matrix ND had a bunch of shares and sold? Last week it had some pretty crazy action from 70 cents to 44 and back up to 60...could go down to 25 and back up to 50 quite easily...assets definitely support this share price. I think that this could be a nice quick flip, the company seems to have a lot going, deal with GENE, with FONE, now EUROPE with very little funds needed to start. They are also trying to get in to more states so I’m sure there will be more news on the way. I’m going to continue to load up if the price continues down
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