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Bullboard - Stock Discussion Forum Radiko Holdings Corp GEATF

Radiko Holdings Corp through its subsidiaries, is engaged in cannabis product manufacturing and distributing. The group generates revenue from licensing fees, royalties and agreements with companies who distribute and sell products in the Cannabis Industry, as well from the direct sale of merchandise such as clothing, paraphernalia, posters, and other products. Its other brands include La Vida... see more

GREY:GEATF - Post Discussion

Radiko Holdings Corp > re: Buyback Plan in Place for 5% of O/S shares
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Post by ranforurlife on May 27, 2020 6:45am

re: Buyback Plan in Place for 5% of O/S shares

This is how it reads, I have said this was planned and now its confirmed. International Cannabrands Inc. dba Radiko Holdings (CSE: RDKO) (the "Company") is pleased to announce its intention to commence a normal course issuer bid ("NCIB"), under which the Company may purchase, from surplus cash flow anticipated by the Company's recently acquired BioNeva asset, up to 21,793,023 of the Company's common Shares, representing approximately 5% of its issued and outstanding common shares.
Comment by Mairsy on May 27, 2020 6:59am
This a great release from tip to tail! My favourite part (aside from the obvious) is the confirmation that there is no reverse split in the future. That should put to rest the incessant rumours of an r/s on the boards lol... This is a major step forward for the company and something that should instil confidence in the market and shareholders alike. Bob and Team should be commended for ...more  
Comment by Taur0424 on May 27, 2020 7:41am
Totally agree with you Mairsy! It wasn't my first choice when I reply to your post a day ago but when reading the NR it totally make sens. I really like what I have red in the NR.  Thanks a lot, I added some shares end of day yesterday  :).   
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