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profit taking..?, page-61

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HempCFO

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11/06/19

09:43

Post #: 38995121
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Originally posted by Serpentis: ↑

Ah yes, those poor, poor original IPO investors. I'm sure they're devastated by their measly +300% return in 18 months. With a price that never dipped below the IPO, and with every capital raise being at a much higher price than the previous. Just awful, my heart goes out to them.

After IPO this business was chugging along just fine, with cashflow being fairly neutral in regards to business operations. It's right there in the early quarterlies. So why did they raise money? Don't you remember the 2018 Farm Bill? Considering how rapidly the legal and regulatory environment has been developing in regards to hemp and cannabis, it's not surprising that the business plan has been changing. Once the farm bill passed they started raising big money (at double the IPO price, I'm sure the early IPO investors were real sad about that...) and have been using it to expand operations in the US. Exactly the kind of ambition I want to see in a new market, and I'm glad to see them raise money to try and take advantage of it. After all, raising money to fund business is the whole point of the stock market. I'll happily take a smaller share in an even larger business.

Obviously we still need to see how all this actually plays out, but acting as if this is some IPO flop is the most laughable thing yet in this ridiculous thread. Along with other insights like how they raised a bunch of money and now they're spending it. Shocking. It's almost like they're doing exactly what they said they were going to do. Good detective work lads.

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This maybe useful for your clarity: https://thegreenfund.com/are-the-tides-turning-in-the-booming-hemp-industry

EXL Price at posting: $3.95 Sentiment: Sell Disclosure: Not Held
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profit taking..?, page-61

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

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profit taking..?, page-61

Top Stories

Westgold sets its sights on top five producer status through merger with Karora

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Venture to sniff out high-grade REE targets at Jupiter project, WA

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

GreenX picks up prospective copper project in Germany

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News