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
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $17.80M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.7¢ | $7.182K | 190.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 938658 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 12165 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 938658 | 0.037 |
2 | 47501 | 0.036 |
5 | 4069371 | 0.035 |
3 | 63071 | 0.034 |
4 | 430000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 190977 | 2 |
0.041 | 90000 | 1 |
0.042 | 310000 | 2 |
0.044 | 300000 | 1 |
0.045 | 11420 | 3 |
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