From my perspective, this company has a low risk profile than other small caps.
1. Cash flow: they still have decent cash to pay off acquisition etc.
2. First crop will be harvested in the coming months.
3. First shipment of cosmetic products in September and upfront payment.
4. Already received Europe, US and Canadian approval for their cosmetic products.
5. Australian approval is imminent.
6. Further deals and partnership is very likely.
7. There have been talks around the world and many countries start to legalise cannabis etc.
I am too lazy to provide a full detailed report. Just quickly highlight a few dot points above.
Traders won't touch this stock until Management release some good news so we will see sp will be around 4.8 to 5.4.
I am happy to hold this long term and hope it will reach market cap of 100M in 6 months time.
Please kindly share if you have any good info.
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3 | 14904 | 0.250 |
1 | 3988 | 0.245 |
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1 | 16950 | 0.210 |
Price($) | Vol. | No. |
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0.305 | 2073 | 2 |
0.310 | 50 | 1 |
0.320 | 50 | 1 |
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