CAN 2.56% 3.8¢ cann group limited

$5+ Fair value?, page-18

  1. 377 Posts.
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    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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