Great OpportunityWell, I think this is a fantastic opportunity. Of course, I could be wrong. But their has only been good news for Willow in the last 6 months. They finally are starting to sell their product. And just a few months ago, institutional money managers contributed a huge amount into willow at 1.65. They don't put in 27 million without doing their homework. Nothing has changed since the beginning of march....only good news. In fact, just reading this paragraph from the CEO inspires confidence. I will quote it again.
"We're very pleased with the results of the Offering, the proceeds of which will allow the Company to accelerate capital spending towards execution of our commercialization plan for our existing portfolio cannabinoids and continue to explore opportunities for cannabinoids in development," said Trevor Peters, President and Chief Executive Officer of Willow." This financing saw significant interest from institutional money managers which is a key step in the evolution of the Company. Additionally, the strong cash position of Willow allows us as an organization to have significantly more negotiating leverage with potential business development opportunities. With commercialization of our first cannabinoid expected to occur in Q1 2021, marking the final step in our transition to becoming a revenue generating company, we are in a very strong position to generate value for Willow stakeholders."
The institutional money managers aren't selling. Their is only good news. So, I think I'm going to do the opposite of the sellers, and buy some more at these low levels. Usually I have the power to sink a stock if I buy more ....lol...let's see if my power stays with me...lol