Inner Spirit Holdings Ltd. INSHF

XLY financial results Monday, November 12th

[greendayyyy]

• Inner Spirit: The Company exercised its pre-emptive right to acquire an additional 7,058,824 units of Inner Spirit Holdings Ltd. (“Inner Spirit”) in order to maintain ownership of approximately 15% of the total issued and outstanding common shares of Inner Spirit. Inner Spirit and Auxly previously entered into a strategic arrangement whereby the companies will collaborate on retail initiatives, including Auxly supplying cannabis products to Inner Spirit’s existing licensed locations in Alberta and Saskatchewan and into any future locations in Canada. To date, Inner Sprit has successfully signed over 110 franchise agreements and has successfully obtained 5 licenses for the sale of recreational cannabis, 4 of which are in Alberta. By applying Inner Spirit’s franchise and retail models to the cannabis space, Auxly believes Inner Spirit is positioned to be a major player and trusted source in the distribution of adult use cannabis in markets where privately owned cannabis retail stores are permitted.

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Read more at https://www.stockhouse.com/news/press-releases/2018/11/12/auxly-reports-q3-2018-financial-results-and-highlights-key-milestones#kicukcu5sVPMz6Zg.99

[IndieInvester]

That’s a very good sign.  More cash for Spiritleaf with out issuing more shares than already promised and it shows that Auxly, like other producers believe in Spiritleaf and desperately want to have some piece of control. This is going to work out well for us in the long run. Just need buyers on the market to catch on.  And as soon as whoever is shorting this stock figures out it’s not

[IndieInvester]

It’s too bad they don’t want to increase their position from 15% to 20% and soak up some of this low sales prices we see today. A big player making a small move could trip a run. 

[IndieInvester]

Maybe people thought today was a trading holiday due to Nov 11. I thought it was until I looked it up. I don’t know how else to explain such low low volumes after a weeekend of store openings. 

[IndieInvester]

Yup, I don’t think anyone is watching this stock today and there will be a race to bottom. Big buy back tomorrow though or so I would suspect. Don’t sell today. 

[Toweringmars]

Starting to look like a bloodbath here. Picked up more shares today, which I thought was a steal at .24. Then seeing this bid at .225 is disturbing. I mean any lower and people are either taking a loss, or its insider institutional buyers that are unloading. Between this and my biggest holding my portfolio looks sad today. lol

[IndieInvester]

That sucks, sorry to hear dude. I really think it’s a Nov 12th Holliday failure of some kind. I don’t think we should panic.