Bullboard - Stock Discussion Forum VIVO Cannabis Inc. VVCIF

Healthcare Drug Manufacturers - Specialty & Generic

VIVO Cannabis Inc is a Canada-based company. It is involved in the production and sale of medical and recreational cannabis and the provision of cannabis-related medical information and services in Canada. The company's operating segment includes Cannabis, Patient Clinics, and Corporate. It generates maximum revenue from the Cannabis segment. The company has a presence across three geographical... see more

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OTCQB:VVCIF - Post Discussion

VIVO Cannabis Inc. > Cash hoard makes us a takeover target

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Post by WillmaImhome on Feb 11, 2020 4:50pm

Cash hoard makes us a takeover target

https://www.bloomberg.com/amp/news/articles/2020-02-11/some-pot-companies-are-months-away-from-running-out-of-cash?__twitter_impression=true

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Comment by Nickyfee on Feb 11, 2020 4:56pm

looks like alot of companies are going to go bankrupt in 2020.

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Comment by Nickyfee on Feb 11, 2020 5:01pm

most of the large companies expanded way to fast over paying for smaller lps with crazy over valued evaluations and now burn through massive amounts of cash to stay afloat while producing bad quality products and getting very little money per gram. Seems like vivo had the best strategy to expand with demand and focuse on growing quality products and continue to get around 7$ per gram.

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Comment by Macpoor on Feb 11, 2020 6:00pm

With $50 millions cash and not heck of lot debts

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Comment by whateveryousay on Feb 11, 2020 6:06pm

The early money has been made with hopes of huge profits now realty has set in that most consumers are comfortable buying illeglly at half the price.Hopefully VIVO and few of the mid tier growers can show profit at a low cost per gram.A fortune will still be made in this industry lets hope that the earnings look good this year.VIVO has excellent CBD products I think that is where the money will be ...more

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