Post by
constructionsite on Aug 31, 2020 12:16pm
This is very unfortunate
Was not expecting this so soon, and at such a low price.
“I am pleased to be trading our cannabis assets into a better capitalized company with more revenues and a top flight management team and, more importantly, the deal is poised to be done at a premium to our current stock price,” said Lloyd Kaplan, Chairman of Ventura Cannabis.
This is just a smack in the face, since almost every shareholder is under water.
A missed opportunity, to be sure, but that's what we get for investing with losers. Quite the lesson.
VIBE is up 10% on the news this morning. Anyone who believed in the potential VCAN offered knows that this is an awesome deal for them.
Comment by
turnaroundking on Aug 31, 2020 12:44pm
Couldn't agree more. It's terrible this direction was never communicated to shareholders. VIBE won this deal very handsomely.