Post by
Petespipe on Feb 11, 2023 10:23am
Possible takeover target?
THC BioMed has some good products and have been going more of the edible route in Canada. I've noticed less dried cannabis which makes sense, since almost anyone can grow decent cannabis at home. Their drinks and biscuits are both automated which reduces costs. Investors will see lots of consolidation this year in the cannabis industry as consumers will purchase the quality products at a fair price. THC BioMed could be a possible takeover target as the larger companies look to acquire top cannabis products. Hopefully they are financially stable at this stage in the game as any financing would burry the stock. Especially with John Miller owning more shares than anyone. Would be smarter to sell off some real estate if cash is needed. Holding on for the ride. It's been long overdue for all of us bagholders, good luck.
Comment by
carlp727 on Feb 11, 2023 12:29pm
With the amount of outstanding shares and if a take over happens it would be around $.75 - 1.25...