As at March 31 (Q1) , still .28. Discount at a SP = .09 = 67%
Still think that as of June 30 (Q2) the NAV/sh will approach .24 to .25. (62.5% discount - or trading at a little over 1/3 of it's underlying value)
Hopefully share buy back will continue with new cash reserves (about 1.6M could be purchased by August)
$ 2M in cash. buybacks of 1.6M shares would consume only 160k (assuming .10/sh)
Have to verify, but 2021 bonus looks like it may be foregone (the right thing to do)
Estimating that they are now 45 - 50 % non-cannabis now, as a result of the latest divestment (Med Compassion)
Limited downside.
Late 2022 or 2023 could produce some explosive growth in particular sectors including:
- cannabis (overdue US reform, cash starved Governments in need of more tax revenue)
- food & fertilizer (to counter shortages and inflation)
- gold (stagflation hedge)
MM