CannaRoyalty Corp C.CRZ

Cannaroyalty buying Cannaroyalty shares starting Monday

[want2retiresoon]

Man I love this quote from last week press release. haywood buying these shares starting tomorrow. The Company also announced its intention to commence a normal course issuer bid (the "Bid"). "In the view of Management and the Board of Directors, the significant growth the Company is experiencing has created a substantial gap between its market capitalization and the value of the business. We have raised sufficient capital from supportive investors to address our foreseeable needs. As we generate more liquid resources from asset divestitures, we believe that one of the most attractive current investment opportunities for excess capital is our own stock, through a normal course issuer bid," Mr. Lustig added.

[RockMaschine]

I wonder how they will pace out the purchases over the course of the year. I've always maintained the idea that we are just slowly grinding sideways pending the close of RVR. Still no significant buying in size. 100 shares here and there with maybe the scattered buy of a few thousand. It will be interesting to see if anyone tries to put up some ask walls. By the time the first hundred

[want2retiresoon]

I was wondering the same, not sure how they plan to buy 3 million shares roughly without the Stock Price going up at least 2-3 dollars. It's so rare you every see blocks of shares over 5k traded, it's 300 here, 500 there.......I have never been apart of anything like this before. But damn it, I am excited !

[RockMaschine]

The question is are those hundred shares here and there new retail investors establishing a small postion or just market makers and algos? I believe its the latter. Catalyst list for 2018 alone. - 17 million from Anandia sale to Aurora, 7 million fo Wagner Dimas preroll - stock buyback program- 3 mil shares at avg cost of $5-6; $15-18 million new investment - closing of RVR- $50+ million annual

[Druckenmiller]

I think one of the reasons for the buyback is also to get volume going so that larger investors have more confidence the algos won't eat them up.

[oldundrtkr]

according to the news release the buyback is set to begin on Aug. 14, 2018 which is tuesday

[want2retiresoon]

my error, you are right it's Tuesday not Monday......gives us all one more day to buy before below 5 bucks is a thing of the past.