Sometimes the easiest arbitrage is capitalizing on the irrational behavior of other investors.
Break it down, $9 million market cap (sector average on ASX is $90 million), very significant license issued ahead of schedule, agreements getting signed with strategic groups in the right countries, a board with more capital invested than any other shareholder, revenue from dental business and football season kicks off (pun intended) shortly.
Has the IHL story changed negatively? Or is it just that the price is lower than where you think it should be?
Ann: Receipt of Medicinal Cannabis Licenses, page-54
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