OTCPK:CNPOF - Post by User
Post by
therivercardon May 25, 2020 1:21pm
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Post# 31069488
How much Is Rivers undervalued?
How much Is Rivers undervalued? Rivers management recently announced an NCIB enabling the company to buy back approximately 10% of the float given that the share price was considerably undervalued.
With currently 19 maturing partnerships and growing under their investment umbrella, the question in the short run has to be, how much is Rivers undervalued?
Parent company, Canopy Growth, raised their ownership to 27% with a 30m$/4.80$ per share additional support in Feb/2019. If this is a benchmark that Rivers might be using in relation to the current share price, it would suggest tremendous upside.
At the same time, a significant majority of Americans favor regulations and state budgets are seriously in the red/continuing to free fall in relation to Covid19. Should this speed up the need for federal/state/WHO legalization, Rivers upside potential would be even greater.
Food for thought/discussion. GLTAlongs