As has probably been pointed out here before, Aurora Cannabis just purchased a controlling stake in HempCo for some $200m CAD, and the HempCo share price went from around 80c to $2.80 almost overnight.
There is huge potential in CBD Hemp food and oil products, especially including the booming medical chronic anti-inflammatory field.
MCL is an infant company at the moment, but growing rapidly, and now is vertically integrated and controls the entire production chain.
This is a big trend area, and will be for many years to come. Note the upcoming IPOs of other Hemp companies in the USA, all of them now have terrific valuations.
It will be interesting to see what the IPO of MCL is priced at. All the pieces are now in place.
Does anyone know which fund(s) or investment houses will conduct the IPO?
Gw
QBL Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
