Post by
Bibi1976 on Sep 10, 2018 9:53am
What is the future of Xanthic?
I'm pretty new here and I was wondering what is happening with this company....I lost a lot of money and I was wondering if I should sell my stocks or if there is some hope that it will raise again...
Comment by
billybonk on Sep 10, 2018 11:59am
It's been acquired by GGB. Once the trading halt is lifted the shares will move up. Be patient, we should all do well.
Comment by
Prest1122 on Sep 20, 2018 12:23pm
Can't find GGB anywhere. Where does it trade ? thanks
Comment by
Styles76 on Sep 21, 2018 8:08am
GGB was privately held and bought Xanthic for the market listing and the product portfolio, it should trade a XTHC once they resume trading There's a bit more about them here -> https://mjbizdaily.com/ohio-cannabis-firm-charts-international-growth-path-74m-deals/
Comment by
Greede on Sep 21, 2018 10:49am
I presume the ticker will be changing because XTHC doesn't even show up on some finance sites anymore. Slowest deal close ever. Guys, get your act together and catch up to the sector!
Comment by
JackStrate on Sep 21, 2018 12:23pm
I have not received anything in the mail yet, so I think it is still going to be a while.
Comment by
Styles76 on Sep 21, 2018 5:54pm
The source itself (the CSE) is still listing it as XTHC ( >CSE ), so I don't think the ticker is going to be changed. Agreed - this is a ridiculously slow deal closing. Could be something to do with an American company doing an RTO of a Canadian company. Extra red tape, currency conversions, Trump... who knows... Let's hope the bump comes quickly.
Comment by
JackStrate on Sep 11, 2018 11:19am
Thanks for the post. I have a lot of shares in this, over 125,000, bought at an average price of 18 cents. It is safe to assume that trading will start as GGB with a price of $1.47 and we will have the choice at this point to sell or hold. Price could go either way, hopefully it goes up, fast.