RE:RE:RE:More Embark DumpsAccording to Hygrovest's portfolio their $2.4M investment in Embark is sitting currently at a 65% loss.
"Entourage Health Corp 2.4 HGV is to hold convertible notes until maturity in Sept 2022 – currently 65% discount to face."
According to Hygrovest's portfolio (with Bevcanna buying Embark) they now hold $0.84M of Bevcanna and have no intention of maintaining that position.
"BevCanna 0.8 HGV is a small investor in BevCanna as a result of the takeover by BevCanna of Embark Health in January 2022. HGV's listed BevCanna shares will be released progressively from escrow in the next 12 months. HGV is not a long-term holder."
Therefore @ 12c per share divided by $0.83M that is 6.9M shares divided by 12 months = 576,388 shares that are going to be sold every month.
Yeah
Look for WeedMe to be either sold or possibly the same type of liquidity event to occur like Embark.