Westleaf Inc. WSLFF

Westleaf is a Canadian cannabis company focused on cannabis brands, extraction and production of derivatives, wholly owned retail, as well as cannabis cultivation. The Company’s extraction and processing facility, The Plant, will produce high quality and consistent cannabis derivatives and consumables, both for Westleaf’s in-house brands as well as white label products. Westleaf’s retail concept, Prairie Records, leverages the instinctual tie between recreational cannabis and music.

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Westleaf Inc. > WL is very strong

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Comment by intelmicon Mar 28, 2019 1:05pm

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Post# 29549131

RE:RE:RE:WL is very strong

The ETF doesn't make judgement on the valuation. They simply buy according to the rules they have set when they launched the ETF. The rules are simply. Buy in proportion to the market cap.

However, I've been saying since the 4$ that this stock was criminally overvalued for the time being. Their facility are still very far from being online, their retail stores didn't justify a 400M$ market cap.
Have a serious look at Delta 9, compare the assets and the market caps. Both are very similar business, yet the market cap difference is steep.

I'll say it for one last time, the current market cap is artificially inflated because of the huge lockup %. I'm not the only one telling you so.

I'm short. https://sna User image g.gy/WBcavi.jpg