MYM Nutraceuticals Inc MYMMF

Potential Buyout Or Major Partnership?

[TraderTrevor]

"Established cultivators of premium cannabis in Canada like MYM Nutraceuticals Inc. (MYMMF-MYM) are being sought after by larger partners foreseeing entry into the lucrative US market to the south. 

"As global cannabis deregulation gains pace, led by the US, we have been approached by an increasing number of Big Tobacco, Big Pharma and leading FMCG companies, looking to invest in the Cannabis sector," said Tristan Gervais, Chrystal Capital's Head of Cannabis advisory at Europe's Cannabis Merchant Bank to CNBC.

The latest major partnership deal saw British American Tobacco pay approximately $175.81 million for a nearly 20% stake in Canada-based cannabis producer OrganiGram Holdings Inc. (NASDAQ:OGI) (TSX:OGI).

"Organigram has a proven track record of consumer-led innovation and developing high quality adult-use recreational and medical cannabis products, which are legally available in Canada," BAT said in a statement.

OrganiGram wasn't the first cannabis cultivator to sign a deal with a tobacco giant. 

Back in 2018, Altria Group (makers of Marlboro cigarettes) bought a 45% stake in Canadian cannabis producers, Cronos Group Inc. (NASDAQ:CRON) (TSX:CRON) for $2.4 billion.


https://www.prnewswire.com/news-releases/us-legalization-on-the-horizon-as-lawmakers-bringing-cannabis-reforms-to-the-senate-floor-301257308.html

 

https://americannewsgroup.com/2021/03/15/marijuana-stocks-regain-momentum-after-being-memed-to-the-moon/

[Jshaw9]

Thought that was interesting to read too.  Also have to consider that the media company that wrote that article has a disclaimer at the end stating their bias and that they are shareholders of MYM. With that aside, I don't think some kind of partnership or investment from a big player is out of the question.  A profitable cannabis company is rare right now and it's only a matter

[TraderTrevor]

All press releases whether paid or not have a motive. Forward thinking reasons to setup national distribution to entice an interested buyer.

[biketrader98]

Something's happening...I hope it's more merger than acquistion, Brand is going to be everything.

[Mtlong]

Why is it that you think something is happening? I have tried to contact investor relations but no luck at all, won't even answer the phone. If something was happening, shouldn't the stock be going up and higher volumes?

[Jshaw9]

Have you tried email? Earlier this month I sent an email and received a response within 24hrs. we've had good volume all month, SP has gone up 50% since the start of the month even with today's low According to that last article MYM has hired that media company so they are expanding their marketing. something is happening, what that is we have no idea and can only speculate really

[RockMaschine]

If the next quarter is to be released end of April I expect them to be in a reporting blackout and won't reveal much. My guess is some warrants need to be turned over and this 20 range is the holding pattern. Im always curious about the metrics people use to get valuation and shout "$1" from the rooftop. So 220 million shares outstanding plus escrow of 200 more for Biome being

[Jshaw9]

Well I don't have any formula or basis for throwing out the big $1 amount, I've just spent a lot of time looking at their peers and other companies in the cannabis industry and there are a lot with similar or lesser revenues and not posting profits, but yet their SP is >$1 not to mention that companies like this get an inflated SP from hype and excitement.  I agree with everything

[biketrader98]

You need to consider compound growth quarter over quarter projecting out 6 quarters to arrive at the 10x number.  $1 is undervalued at the current growth rate.