I think the market is just cautious that it didn't close at $4.50 because theres no certainty until there's a bid in writing.
But given there's already talks about price; I think the discussion is well under way but management needs to be conservative as it's yet to receive a written proposal.
Putting that proposal aside and in looking at CAN's fundamentals; there's definitely value in wanting to buy the business as I can see it being highly profitable in a future. This includes upcoming products for exporting into the recreational market like the distribution with CANNAKORP.
This is why I thought that Aurora is getting too good of a deal at $4.50, but should be higher as my previous posts above.
If Australia changes its legislation to allow recreational use; I might even want to set up retail shop to service the demand![]()
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.01M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $32.57K | 1.048M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 186267 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 166532 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 186267 | 0.031 |
10 | 1095250 | 0.030 |
7 | 227000 | 0.029 |
3 | 742642 | 0.028 |
5 | 205555 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 166532 | 5 |
0.033 | 517742 | 4 |
0.034 | 83720 | 2 |
0.035 | 110657 | 6 |
0.036 | 145000 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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