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Imperial Ginseng Products Ltd V.IGP

Alternate Symbol(s):  IGPFF

Imperial Ginseng Products Ltd. is a Canada-based company. The Company’s principal business was cultivating and processing North American ginseng in Ontario and selling the dried ginseng, almost exclusively to wholesalers in China, through a distributor. The Company has ceased its ginseng operation and is in the process of considering alternative business propositions and opportunities in securing new business lines.


TSXV:IGP - Post by User

Post by Tree2treeon May 24, 2023 9:55am
136 Views
Post# 35461683

Cash distribution coming any time

Cash distribution coming any time
It says so in the quarterly report.  They are sitting on over $2/share in cash, plus there is one more farm to sell that will probably sell above book value, further increasing the cash.  They may also get government price support payments as they did last year.  I know it has been a long wait, but it is finally happening.
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