VIVO Cannabis Inc. V.PDA

RE:RE:RE:RE:Bring on 2022....LOL

[1hot-techwoman]

srtman03 wrote:

srtman03 wrote:

1hot-techwoman wrote:

1hot-techwoman wrote:

VIVO Cannabis

VIVO Cannabis (TSXV:VIVO) is a Canadian licensed producer of premium medical-grade cannabis with over 100 years combined experience in international pharmaceuticals. The company offers high-quality cannabis and premium medical products through its Fireside, Beacon Medical, and Lumina brands.

In March of 2019, VIVO received approval for expansion at both its British Columbia and Ontario facilities, adding 4,000 kg of production. This brings the company’s total annual production to 8,000 kg by the end of 2019 and expects to increase that to 13,500 kg by 2020.

VIVO is a leader in the Canadian medical market with the company’s wholly owned Harvest Medicine operating five clinics in four provinces with over 27,000 patients. In Europe, the company has received a wholesale licence in Germany and already has 30,000 patients.

By 2022, the company expects to be making $350 million in domestic and international medical cannabis sales revenue with an additional $150 million in recreational sales. With a net selling price of $7.70 per gram, VIVO premium cannabis remains within the top tier of the industry.

Buy out is in the works !!!
 

If you believe those numbers that were touted in 2019 then 100 % yes this gets taken out!!
or Ray Laflemme happens to turn this POS around and since he is largest shareholder and was given his shares at $1.27 for purchase of Canna Farms, its unlikey he would be willing to sell the company at this level IMO !!!
 

Will be interesting to see what plays out !!!

Yes it will !! 
With book value of $0.41 and $8 million raised at $0.21 buying at $0.115-$0.12 will prove to be good move IMO :)
GLTA