Post by
mrmonopoly on Aug 27, 2018 11:40am
Looking good!
A close above 0.37 with today's volume would be great for the short term. Solid quarterly earnings and a successful close of Green Therapeutics would put us back above 0.50 by October no problem.
Comment by
mrmonopoly on Aug 27, 2018 3:51pm
Yes fair enough. Mid-September would mark 6 months from the initial LOI which from my understanding is a pretty standard duration to close on a business of GT's size. Two other major September factors that I'm looking forward to include deployment of extraction equipment at their new labs and (hopefully) US rescheduling cannabis. Bottomline, LOTS to look forward to.
Comment by
ThatBigGinger on Aug 27, 2018 4:02pm
Is there anything other than the FDA approval of the cannabis medication for seizures that would lead you to believe rescheduling of cannabis would be coming? Especially as soon as September?? I mean I'd love it if it happens but just can't see it
Comment by
mrmonopoly on Aug 27, 2018 8:45pm
Gotcha. Thanks again for taking the time to explain. Seems inevitable that the US will come around on full legalization at some point. I'm hoping they take a run at it before next election, but as you said there's some key people standing in the way.
Comment by
Bigwinner101 on Aug 28, 2018 12:15pm
But it seem's that Trump & Jeff Sessions have been in a bit of a pissing match lately so this may not be good for us. Hopefully the right palms get greased to get this through . . . Politic's as usual . . .