Load Up!Anybody who can do simple math can see this thing is worth way more than $0.30. If they had given away the shares without cash it would be $0.30. They are getting cash worth over $0.05 per share post-money.
They are slowly but surely de-leveraging. They have 2,000kgs of production per month. They have supply agreements. They have a strong cultivation team and significant running room. They are building brands.
The rights are 1.5:1 so not $0.15. If you want to buy the shares you either need to own or buy the rights. The rights will not be free once trading. Given this situation I would expect that they would trade for $0.075.
This is painful for current shareholders but in reality it is a gift. I am loading up.