GREY:SLHGF - Post by User
Comment by
Rc0gburnon Mar 07, 2019 12:14pm
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Post# 29455883
RE:RE:IPO today opened at .50 now down to .335?
RE:RE:IPO today opened at .50 now down to .335?CBII is not "another Namaste" . They have been around since 2013, just listed after several private rounds, with some shareholders cost basis quite low - hence the early selling pressure. Most of the remaining stock is under lockup and strict escrow provisions. The company is generating over $10million in revenue from their US clinic business, clinical decision support software tool (SAIL), and their loyalty program. They have tons of client data and are growing customers and revenues at a rapid pace. At 32c the valuation is roughly 2x 2018 revenues, ricidulously cheap compared to most of the promo Cannabis garbage out there. As well, they dont touch the plant, they are a services company and would be a prime candidate for a trade sale, much like Anandia Labs to Aurora or Delivra to Harvest One. Better to get their presentation from the website to review. Please dyodd.