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Bullboard - Stock Discussion Forum Indiva Ltd V.NDVA.H

Alternate Symbol(s):  NDVAF

Indiva Limited, through its indirect wholly owned subsidiary, Indiva Inc., is a Canada-based producer of cannabis servicing the medical and recreational markets. The Company is engaged in producing and selling cannabis products. It focuses on the production and processing of edible and extract cannabis products as well as packaging of edibles and extracts. Its brands include Pearls by Gron... see more

TSXV:NDVA.H - Post Discussion

Indiva Ltd > Vol.
View:
Post by HARJAY on Aug 03, 2023 11:30am

Vol.

Somebody buys 157 K shares at the ask but tthe as doesn''t go up ? HHuge bid at $0.02 and as has been $0.025 with good buying at the ask  but the ask doesn't rise accordingly with demand.

Being held down to allow people to accumulate at this price ?????
Comment by Clintcoin on Aug 03, 2023 9:41pm
It's usually just a big seller offloading small blocks of shares as not to spook potential buyers by placing a huge order on the ask. I have been accumulating shares at .025, there's not much more it can decline and the company seems to have pretty good prospects. Just be patient.
Comment by caretired1 on Aug 04, 2023 8:06am
Sundial has openly stated they are selling down their position in much of their portfolio - they have lots of shares to sell.  Hang in there for 6 months
Comment by HARJAY on Aug 04, 2023 10:21am
I have just started following Indiva , can you enlighten me as to why Sundial would want to sell ddown their position at these levels when i presume they acquired it a higher prices. If you had bought into invest wouldn't you want to hold until the co. started perform bettor and show growth ? Would appreciate a response so i can make a informed decision on Indiva.. Thanks !! 
Comment by carlp727 on Aug 04, 2023 11:01am
https://www.prnewswire.com/news-releases/sundial-and-indiva-announce-22-million-strategic-investment-301228664.html
Comment by carlp727 on Aug 04, 2023 11:05am
dial will be the sole subscriber in the Placement. Proceeds to Indiva, net of fees, commissions and expenses are expected to be approximately $20.9 million.  "Sundial is pleased to support the development of Indiva's high-quality products," said Zach George, Chief Executive Officer of Sundial. "This transaction broadens our exposure to the rapidly expanding ...more  
Comment by HARJAY on Aug 04, 2023 11:39am
Thank you or your timely reponse.  Feb 2021 investment at $0.44 and their selling now at $0.025 . Doesn't make sense to me but soemtimes the mkt. doesn't make sense. Weed secto turned ddown sharly from that EARLY 2021  time rame , look  at Canopy. Somme will come back others won''t , NDVA looks like one that could and from this price itts not a huge risk or a big ...more  
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