GREY:BHNGF - Post by User
Comment by
nightowl21on Nov 26, 2020 9:48pm
103 Views
Post# 31986614
RE:nightowl
RE:nightowlThanks for post! Yes I am a late comer to Cannabis....more a factor of good luck
...than good smarts! Have spent a lot of time looking at the Brands....I chose Bhng because
of the size of the chocolate market....and their position owning the Brand! My theory is
if they create dominance of the Brand...prove they have a good strategy....one of the biggies
will buy them out! Might take 3-5 years but could be huge payoff! With Hershey’s,Mars etc
doing $15-20 billion a year.....would be peanuts for them to buy out a brand for 1-2 billion
than try to build a cannabis business from ground up!
I think what is important is story that is unfolding at Cgoc! The fact that 88 million
shares voted in favour of new board of directors for Bhng.....would seem to indicate
that Bhang....might be taking a new direction/different direction....would be interesting
to have other shareholders comment on this! Seems like things at Cgoc are a bit
chaotic..JMO! maybe after Bhng financials come out on Monday we will learn
something! What would be good for Bhng shareholders would be if a legitimate
Successful cannabis company bought Cgoc’s Bhang’s shares and injected some serious
capital...and business acumen into Bhng’s... business strategy...and supported Jamie Pearson’
efforts to build the company! I guess we will see....I could be totally off base on this idea!