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MTL Cannabis Corp C.MTLC

Alternate Symbol(s):  MTLNF

MTL Cannabis Corp. is focused on crafting cannabis products, including lines of dried flower, pre-rolls and hash marketed. The Company, through its subsidiaries, is engaged in the cultivation and production of cannabis products for recreational and medical purposes in Canada. It also operates clinics that work directly with primary care teams to provide specialized cannabinoid therapy services to patients suffering from medical conditions. Its wholly owned subsidiaries include Montreal Medical Cannabis Inc. (Montreal Cannabis), Abba Medix Corp. (Abba), Canada House Clinics Inc. (CHC), and IsoCanMed Inc. (ICM). Montreal Medical is a licensed producer operating from a 57,000 sq ft licensed indoor growing facility in Pointe Claire, Quebec. Abba is a licensed producer in Pickering, Ontario that operates a medical cannabis marketplace. CHC is operating clinics across Canada. ICM is a licensed producer in Louiseville, Quebec growing indoor cannabis in its 64,000 sq. ft. production facility.


CSE:MTLC - Post by User

Comment by Bogart99on Dec 31, 2020 1:49pm
96 Views
Post# 32204485

RE:RE:RE:double bottom ?????

RE:RE:RE:double bottom ?????
letsgetonthis wrote: That to is a good guess .... But hear is why I dont think it goes up , just because they cancel the RS it's still on the table and could be done at anytime that will put to much fear into the retail investors....


It's a catch 22 situation.  If they dont do the RS the share float is too massive to issue new stock to raise money, which they will need to do when they burn through the $2 million or so they currently have in cash on hand.  If they do the RS, they still may have to issue even more shares to raise money that will further dilute the share holders at the post RS price.  Ouch!

This is a wild guess on my part but I think it is possible that post-RS, share price plunges or drifts lower and lower to the ten cent range again and then you see Archerill and others buy it all up on the super cheap.  After that, I would buy in.

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