RE:RE:What the hell...Selloff before long expected product licenceIn my opinion, this company exists for the insiders. Anyone considering investing has to look at the relationship between Bevcanna and Naturo Group. Bevcanna really doesn’t own much and pays money and/or issues shares to Naturo. Also look at the share dilution.
Regarding the NR last Friday, the only concrete thing listed was the fact that they’ve given up on the production of biomass; not really surprising because it looks like the grower disappeared and Bevcanna didn’t have the money to go ahead with cultivation anyway. The rest of the release was just hype and speculation. Maybe some of the relationships will come to fruition; maybe not.
If you’re trading this you might catch an updraft, but if you’re actually investing I think your just giving your money away to Leone and company.
I don’t see this company as a bottling play for drink companies that will actually produce a profit and if it happens I would suspect any profit will be siphoned away to Naturo. GLTA