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VIVO Cannabis Inc. V.PDA


Primary Symbol: VVCIF

VIVO Cannabis Inc is a Canada-based company. It is involved in the production and sale of medical and recreational cannabis and the provision of cannabis-related medical information and services in Canada. The company's operating segment includes Cannabis, Patient Clinics, and Corporate. It generates maximum revenue from the Cannabis segment. The company has a presence across three geographical locations - Canada, Germany, and Australia.


OTCQB:VVCIF - Post by User

Comment by rusty777on Feb 22, 2020 3:11pm
238 Views
Post# 30721466

RE:VIVO declared Top Small Cap LP

RE:VIVO declared Top Small Cap LPThanks for the info Schaffausen.  The overall numbers are probably pretty accurate as far as the fiscal revenue goes.  As far as the EBITDA, I am not so sure.  Bonuses and ncreased salaries can cut into 14.7 million pretty quickly and we have pretty good eveidence that the salaries already being paid are well above companies of similar size by a factor of 100 percent (see the summary in simply wall street (https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsx-vivo/vivo-cannabis-shares)  which gives one an idea where management's priorities are so it will be interesting to see what the final numbers are.  For those of us who were just plain stupid and bought this in the $1.00 to $2.50 ranges the likelihood of us seeing our money back before 2022 or 2023 unless there is a dramatic change is pretty unlikely.

I think for the forseeable future this should not be considered as an investment by any stretch of the imagination (especially since there is an iceberg of over 90,000,000 shares by insiders and past insiders who seem quite happy to keep seling which will also dampen any potential sustained increases) but rather its probably a typical penny stock that should be traded whenever it makes a 5 or 10 cent move.  There is profit to be made for sure is you cvan get in and out enough times..., just don't fool yourself that rthis is an investment.  

GLTA

Rusty
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