This stock and everything around it is absurdSo, this cannabis company - that as recently as 2019 was legally sparring with a town it wanted to operate in - is barely making $1m a year in revenue, and is now trading at a value of close to $180,000,000. That alone is nuts.
Then consider that someone behind a freaking Questrade account has made close to $700,000 of the purchases of 1CM's stock. Since last March.
Even stranger are the iallegations being made by multiple accounts with no posting history on this page, so I decided to try and google some of the claims in them.
All I could find was a page administered by a "Jho Roberti" that looked like a homemade website from 1995, alleging, among other things, that someone from the Ontario Securities authorities is willingly participating in fraud. This same person also makes allegations that someone involved with the company it had sexually assaulted a thirteen year old.
I remember when the SEC was alerted to a New Jersey deli making $40k in sales per year was valued at $100,000,000. They saw, they acted. they cleaned house.
Canada is supposed to be a first world country. What ever is happening with and around this stock and company - how has this not attracted more attention?