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AdvisorShares Pure Cannabis ETF C.YOLO


Primary Symbol: YOLO

The investment seeks longterm capital appreciation. The fund is an actively managed exchangetraded fund ETF that seeks to achieve its investment objective by investing under normal circumstances at least 80% of its net assets plus any borrowings for investment purposes in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. It is nondiversified. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the marijuana and hemp business and in derivatives or other instruments that have economic characteristics similar to such securities. It is non-diversified.


ARCA:YOLO - Post by User

Post by theTransporteron Dec 27, 2019 9:35am
517 Views
Post# 30493311

After a reverse split, there will be a financing raise

After a reverse split, there will be a financing raiseThis has much lower to go as reverse splits almost always allow the stock price to drop even further post consolodation.

And considering that Chris has hinted at the need for additinal cash, the raise will be performed at a discounted price which is why he needs the reverse split to occur as right now he'd have to perform the rasie at $0.01 with $0.02 warrants.


However given our current share structure of over 440 million shares outstanding, it becomes very difficult for potential new investors to see a value opportunity over share dilution. We firmly believe that the proposed consolidation of shares will open the door for capital investment that will allow us to achieve revenue and stock growth that would not be possible if we stayed at the status quo.

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