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Gnomestar Craft Inc VDQSF

Healthcare Cannabis
Gnomestar Craft Inc. is a Canada-based craft cannabis company. The Company is engaged in the medical and recreational marijuana business. It operates in one business segment, the marijuana industry. The Company produces hand trimmed cultivars in its 12,000 square foot indoor facility in Delta, British Columbia.


GREY:VDQSF - Post by User

Gnomestar Craft Inc > stock price
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Comment by Canuck21Con Jun 08, 2019 1:39pm
157 Views
Post# 29809000

RE:RE:RE:RE:RE:RE:RE:stock price

RE:RE:RE:RE:RE:RE:RE:stock priceThanks for your observations Griffin60.  

I forgot to mention there is something else with this property:

The Company’s cost to exercise its option on the property will be approximately $1.2 million USD. The company intends to repatriate the net proceeds of the sale to Canada to fund operations in Delta, BC. 

If the true market value of this property is as you indicated and they end up selling it for that price then the net proceeds would be $200K less realtor commissions (if I am reading it right).    LOL  

Yes, there is no escaping the conclusion that  previous management was atrocious!  No competent businessperson would have allowed that tenant to keep running this promising (almost immune to failure) venture so poorly over that many years.  This is no doubt partly due to the fact VP didn't really care because they were playing with other people's money.  
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