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Britannia Life Sciences Inc Com C.RLSC

RISE Life Science Corp is engaged in developing and evolving medical and adult hemp-based formulations to create general use of health and well-being products for the emerging consumer category. It derives key revenue from the United States.


CSE:RLSC - Post by User

Comment by BluHorseshoeon Jan 28, 2020 10:36pm
132 Views
Post# 30611889

RE:RE:RE:RE:If the CEO of this company was smart enough

RE:RE:RE:RE:If the CEO of this company was smart enough

In theory, if the CEO was successful in restructuring the previous private financing there would be a nice chunk of change to make a decent acquisition. Problem with an acquisition in cannabis is that there's always red tape and delays with the exchange even if everything else comes together smoothly (look at Blitzerian's Ignite company)

One of the last NR's mentioned the threat of lawsuits etc. for not being able to pay the interest on the former convertible loans. Currently, I haven't read of any issues on this so it's possible they struck a deal. There's also been no significant dumping. SP is in the crapper, yes, but I haven't seen any large unloading and SP has gradually declined over past few months on what I interpret as lack of news and frustrated retail investors.

So I continue to be a bag holder and hope that we see positive news in the near future. If they pull a rabbit out of their hat, a serious revenue driver can turn things around quickly. Next few weeks should set the record straight.

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