Bullboard - Stock Discussion Forum Nova Cannabis Inc Com YSSCF

YSS Corp is a retailer and trusted destination for adult-use cannabis in Canada, focused on driving near-term growth while building long-term shareholder value. The company has built a strategic portfolio of Licensed Retail Stores across Alberta and in Saskatchewan and intends to expand into Ontario as well as other Canadian markets. Management is focused on strategic opportunities within the... see more

Add To Watchlist

GREY:YSSCF - Post Discussion

Nova Cannabis Inc Com > Consolidation (Good or Bad?)

View:

Post by DarrenYaToJump on May 11, 2019 7:59pm

Consolidation (Good or Bad?)

Here's my thoughts on the move.

I inquired about consolidation of shares 2 months ago with investor relations and was given a blanket response. I am for it, as I believe that SOLO has too many shares outstanding.

Let me explain.

Consolidation can be a sign for publicly traded organizations that are not performing well, but SOLO is not, except for the Red Deer location, performing at all. SOLO is just starting its operations and it has had the intial strategy to grow slowly for quality control purposes. I think SOLO is consolidating its shares in order to create a greater opportunity. This company has potential and is awaiting 23 retail licenses. 7 stores built, inspected, and waiting.

From a financial standpoint SOLO is OK with staying operationally stagnate wilst the cannabis supply shortage is holding back the licensing issues in the province of Alberta.

Having said that,

I believe SOLO, soon to be YSS, will be to attract more investors in the future.

Here's why.

I suspect YSS is going to apply to be listed on the NYSE and to do so they need to meet certain requirements and criteria. One requirement to be listed is to have a higher share price, and most investors do not think penny stocks are attractive investments. Being listed on the NYSE creates more visibility for YSS and they can become part of mutual funds and attract larger investment groups. That's why I think consolidation is a good idea.

Hold this stock for 3-5 years and you will be successful my friends. Hold it for 10-20 years and you will be an official investor.

Cheers!

292

Comment

Comment by DarrenYaToJump on May 11, 2019 9:39pm

Sorry, I believe SOLO, soon to be YSS, will *ABLE* be to attract more investors in the future.

Comment

Comment by AHRBull on May 12, 2019 12:39pm

As long as the seller is active in this deal, the price wont go anywhere. When hes done, YSS will fly like a rocket.

168

Comment

Comment by bbaer024 on May 22, 2019 10:19am

I heard that the Red Deer location is doing about $10k on average per day!!! this is HUGE!!! and considering that Market Cap is floating only mariginaly above cash in the coffers, SOLO / YSS is as good as gold if you ask me!!

176

Comment