Ann: MOU for Cannabis Oils from Canadian Producer, page-25

I think we will see a low volume soak over the Christmas break then it’s game on for Q1. All the weak hands have sold and the volume has stopped. 1.7 cents is the consolidation point and a 50% retracement from the highs so it’s a key price for the chartists.

If the license gets granted in February then IMO we could easily be $50 million market cap. The median EV is $90 million for the sector on the ASX. That’s more than 10 times the current IHL market cap. At that stage we are talking more than 10 cents a share and the options at 6 or 7 cents.