Post by
Perrier on Mar 12, 2019 7:39pm
Easy buyout... which would actually cap gains here...
#1 selling product on CannMart for a reason... because consumers know what's good and what's bad, this isn't a fluke.
Just raised a more and more upsized $10MM at a share price close to current levels. Balance sheet - check.
String of imminent press release to follow - no one does a raise and get that much attention without letting the boys know what's to come and many people realizing this is free money ... do private at X... sell for literally probably 2X after the news they know will come out... - check
Most important part... ANY company in Canada that ONLY has a sh*t ton of cannabis production but zero branding... zero recognition... no PREMIUM LINE... will EASILY acquire an already vertically integrated player sitting @ $60mm market cap with a pending huge amount of extra grow space to follow... players like WEEDMD with $30mm cash ... I'm looking at you... you have all the greenspace but zero branding... 50% cash + 50% equity deal is extremely favorable and the two will dominate the Canadian + eventually U.S market. I can list many other suitors.
I cannot fathom why you wouldn't buy this right now.
Oh and forgot to mention they projecting $CAD50MM annual revenue at a bare minimum... $CAD60MM market cap... something looks awfully disconnected here... going to absolutely have a CXXI and 48North moment... it's so predictable my gosh.
Comment by
billyjack36 on Mar 19, 2019 4:48pm
this company is a sitting duck about to be taken out .they have the best budds in canada