RE:RE:RE:RE:very very light tradingIt is possible but we won't know for sure.
If the shorts are indeed covered through the raise, then we can finally look forward and put the sentiments behind us.
What we have then is a strong balance sheet with lots of cash on hand (~$50M), ~630M shares out and some warrants expiring 2023 and 2024 (~100M) and debentures (~$36M) maturing 2025.
The market is forward looking. All these details aside, with revenue of an estimated $80M a year and EBITDA turning positive (increasing at a faster rate q/q), the only question is what do you think our market cap should be. It's $200M now. Just to give some compairison, OGI market cap is ~$1B today.
I think FIRE is clearly the #1 most undervalue LP in the entire MJ universe. Question is what is the best way to invest in this company. I woudln't just hold the shares. I personally hold a calculated mixture of each type warrants and shares. Generally I try to mimic the big boys, I added to my holding of shares and warrants the percentage of dilution at the same or slightly higher price whenever smart money jumps on board. That way I am not affected by the dilution and the recent raises have a net positive effect to my investment.