GREY:WLDFF - Post by User
Comment by
paradinion Jul 11, 2021 9:02pm
106 Views
Post# 33528274
RE:RE:RE:RE:RE:RE:RE:RE:CTO
RE:RE:RE:RE:RE:RE:RE:RE:CTOi agree that they moved a little slower into the Toronto market than they should have(they focused on their 4 BC stores first). They seemed to be more focused on. getting their US business going with king and the California licenses. however those pieces of the puzzle seem to be lost somewhere. The US business is where they have gotten themselves into their difficulties with the regulators/auditors. I hope that they do get some guidance/ expertise in supporting the growth of the company.
City Cannabis delivers approx 5 million revenue/ quarter from their BC stores, add 2 Ontario stores this year and reveue jumps to 8 million+/quarter.
what is their growth form WF brands sold outside of City....
what is the plan with their US asets(or are they going to be write downs eventually?)
it is definitely undervalued... they did miss out this Jan/feb on raising money during the weed stock hype that would have raised their price, instead they get their hands slapped and get shut down for almost 6 months...
it will be interesting when the CTO does get lifted, there are some unhappy people who will sell... i see this as a potential buying opportunity it could drop under 10 cents in the first few days and the angry ones sell off.
i do hope for the best with this stock, luckily i made out well in the early days and have bought dips and sold rather than solely playing a long game.
some of us should be on the board( we seem to have all the answers! lol
good luck in the near future.