Bullboard - Stock Discussion Forum C21 Investments Inc CXXIF

Primary Symbol: C.CXXI

Healthcare Cannabis

C21 Investments Inc. is a Canada-based vertically integrated cannabis company. The Company cultivates, processes, and distributes cannabis and hemp-derived consumer products in the United States. The Company is focused on value creation through the disciplined acquisition and integration of core retail, manufacturing, and distribution assets in strategic markets, leveraging industry- retail... see more

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C21 Investments Inc > Company Update

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Post by MuttleyKnows on Jun 17, 2021 8:46am

Company Update

There was a call yesterday with company management. They indicated that they are working on acquisitions and they have the money lined up to finance any potential deal or deals. Management indicated they were close to doing a big deal recently but it didn't pan out.

Another highlight is the company is currently producing US$0.11 per share in after tax free cash flow.

Another thing I heard from another source is that phase 1 of the organic growth plan is complete. The additional grow capacity is now online so more revenue will start being booked starting in Q3.

Operations are looking good. We just need to get a deal done now.

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Comment by hevin on Jun 17, 2021 10:31am

Nice to see you back Mutley! I was becoming paranoid I was the last of the OG's lol Anyways, thanks for the update...how did you find out about the call? I can't find any NR on it...

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Comment by MuttleyKnows on Jun 17, 2021 7:21pm

I have been busy investing in other stuff. For example there are lots of great junior miners out there where you can make multi baggers. Recently cashed out of gold exploration frenzy in Newfoundland. NFG and LAB were nice wins for me. As for your question. There was no news release. Either you were on the call or you know someone who was. More patience required unless ...more

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C21 Investments Inc