Post by
sthinei on Nov 16, 2021 5:56pm
Someone is going to steal ALEAF
but I want to see a share offer from someone not horribly overpriced with strong access to EU market. It is a joke stock is down here. ALEAF selling adult use cannibas at $6/gram. The average according to bloomberg right now is still over $5/gram. They have 11,000 kg of high THC product that can sell at those prices in Canada that alone is $50,000,000 worth of product. Then they have another 20,000KG a little below the 20 THC benchmark that will still sell for .80 to $1 imo bulk wholesale or used for CBD. for another $16,000,000. This is before we even consider the greenhouse product that needs to be used for medical in Canada and for international shipments.
Someone buys them out for shares and they are flush with product. Pay off the measly $40 million in debt get rid of Benics $1 million salary and $4 million in interest expense on the debt they owe and whoever buys them is sitting pretty. Especially if EU GMP gets done and Germany opens up next year. People are probably sharpening their knives. Pick this up after all the hard work is done all the R&D is spent and with the product sitting in the warehouse. Best high quality low cost outfit in Canada will be sold for a song but I want to see a share offer. Screw the cash.