Nova Mentis Life Science Corp. C.LIB

Question to The Board...

[FarmerInvestor4]

With a license at Just Kush imminent, what is everyone’s thoughts on what a license is worth in the cannabis space?

In the past (pre-legalization), a license was worth approx $100 Million.

Market Cap of this company is just over $20 Million.

I am bagholding this probably like most on this board....  but is now the time to possibly double down?  

Would appreciate others thoughts on this.

Good Luck to all!

Fi4

[Islandcr]

Most have spiked for two days once license is issued. MMJ hit 93M cap then retraced back to 30M. 30-60M cap seems to be the range for the most part with a few execptions with some really bloated share structures. 50M cap puts us in around .40 but who knows could see spikes into .60+ They will need cash at some point so I would expect a pump up but if they can land a license and turn something out

[FarmerInvestor4]

Thanks for this insight.  At 60M market Cap, I might just break even! I will have to review financials in more detail.  Ultimately we all want a lower ACB.....  but, I can't beleive it has taken this long to get to this point.  FI4

[serendipidy]

Our other licence is surely just around the corner. Ive done my due dilligence and its just a matter of time...

[rcash1]

Oh I would hope so , with it being a second site application it should move faster . I’m looking forward to just JK now so they can get the pet formulas into production . NR although it’s the icing on the cake ,is only a matter of time IMO 

[rcash1]

IMO the time to double down was 3 weeks ago or at tax loss time although some people like to wait until trend is up before they feel comfortable buying more . Market cap should be somewhere in between 30 and 60 million with just the 1 cultivation license IMO Add they get NR ,Pets starts moving forward into production and something comes about with international expansion ( Greece ) this could