TSXV:EVE.H - Post by User
Comment by
Jarredon Dec 14, 2019 6:56pm
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Post# 30455842
RE:RE:RE:Take over or partnership....
RE:RE:RE:Take over or partnership....I have started to look at some of these beaten up Cannabis plays that have been further ravaged by tax loss selling and looking for bargains, also looking at CBIS and I am sure there are plenty of others.
I looked through the financial statements and they do have cash in the bank and their major debt is a credit facility of about 16.5 million through a major bank. I am sure the bank wouldn't have approved this type of credit facility without some thorough due diligence. Didn't like all the insider selling in August and September but the big volume Friday may be indicative that a bottom has formed. Tempted to take a position but will do some further digging. Anything I am mssing? Cheers