Check out the CAN listing today
Up over 100% on the first day of trading
Check out THC which will also be listing and expecting the same CAN gains
I heard this afternoon it lists but could be wrong
What does that mean for little old CMY who happen to be dealing with a Canadian MM company who as of last year were producing 11,000,000 grams of cannabis @ a sale price of $5-$8 per gram?
Let's watch the price action and see what happens as this has told us the story all along - 1.6 cents was wiped on an $80k+ purchase this morning, support @ 1.4/1.5 and now 1.6 is growing BIG TIME and selling at this level appears to have ceased.
Sellers are thinning out as news is most likely only a week or so away if we take into consideration the timing of the recent CR and the price action attached to the stock.
An announcement of a seperate spin out of CCL will see this stock almost double immediately - if the deals are as good as we think they are (look who we are dealing with) then 3c+ comes into play immediately.
MARKET CAP - $12.8m @ 1.6 cents is tiny compared to peers. On this basis alone the growth CMY can expect on the back of this deal is enormous.
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