RE:RE:RE:What’s the Market Waiting For?You both bring good points.
I still stand by my valuation when the license closes. Don't forget, as a poster pointed out a couple weeks ago.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/industry-licensees-applicants/licensed-cultivators-processors-sellers.html#a1
You'll be able to see this updated through the weekend for when the license is granted. Technically before the market gets a news release, so if your paying attention, that Monday morning will be the start of the run up. Unless they notify in advance of posting the date on the website. I would hope so.
Once the aquistion obtains the license, the lender will be secured, the aquistion will close with the pp. My guess is the PP stays open until then. So considering the news, this Friday or next. Then will here the news regarding the MMJ company requiring that expansion because of its current obligations and pending supply contracts. A few short months later, th elaunch of an entire new product line, that they have been developing for years. The only difference between us and the rest, were gaining shelf space! While companies like ISOL head to bankruptcy.
easlett wrote: I believe the PP is what is holding us to the .14 range, as that is what the PP is set at. When PP closes it will allow the price to be free to move as the news and facts dictate, and I believe the really good news will be held off till PP does officially close, as why put out great news when PP is still holding price down.
It does take some time even after a PP closes to send it to the trading commission for verification and make sure all was done legally and within the rules, after that the PP becomes official. A good way to see if PP is still available is to call and ask if you can participate in the PP, if they say it is full, then PP is closed and just awaiting approval.
I do believe that the this PP will not last long and may already be full or close to it and NSP will be free to fly again very soon, not just with previous news, but with bigger news that is held back till PP closes.
GLTA