RE:With rights offering at .15 why would sp You can only buy $0.15 shares if you own the rights. They are currently trading at $0.05, and it takes 1.5. So it now costs $0.15+$0.075 to buy a share.
The main answer is because the company is undervalued. It is planning to produce 16,000,000 grams between October and January, has some of the lowest production costs in the industry ($0.78/g), has supply deals with all provinces and shoppers drug mart, etc