The bottom of this wedge is .52. I said this last week and should be good for bottom. I do not anticipate a weekly close below there. The top of the wedge is at 1.32. Everyone can grow product now, and all that matters is sales. Can Aleafia do it? We shall see very soon.
Eugmp and Acnos coming through is a great start. New sales contracts will take us to new levels, without them we die like the rest in the sector. I think a buyout was rumoured because of the Unifor deal and how promising that will be quarter after quarter going forward. The real question you should be asking is how hard is it to get all these licenses and is it worth it at the current market cap to do it or to simply buy out Aleafia for these licenses and the timeline associated to them. What price do you put on Unifor sales alone and on Eugmp vs Aleafias current market cap. If Fire got bought out, I think Aleafia will be also, but at what price. At this market cap I feel we see a hefty premium.
AHLONG