There was a crossing of 9 million + shares on CAN yesterday...

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dkayed

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08/05/19

09:20

Post #: 38459767
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Originally posted by SorryNotOZ ↑

Escrow of THC is very different to CANs or AC8.

Ac8 escrow did some damage because the company did not deliver on their vision and because their main backer created a competing entity - spectrum.

CAN escrow may do less damage because there wasn't an EGM like THC where some old directors got booted out. This explains the heavy drop.

CAN doesn't sell much of anything, have a tiny facility operational, planning to build a huge one soon.
Ac8 hasn't got much done, but 40M in the bank.
THC however has the leo pharma facility ready to go, import deals, generating revenue in Canada.

What if the SPP was done because 1- they need it now, 2- they know they're achieving milestones in the background and they know SHs will be fine anyway.

This management is clean. But they knew the dump was coming, they didn't want to give the dumpers the best price so actually not surprised, if they planned their announcements to start in a week ish from now.

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There was a crossing of 9 million + shares on CAN yesterday which is fairly obviously escrowed stock, done at a small discount to market price.

Agree that AC8 was a bloodbath.

What will happen to THC? Which one is it more comparable to regarding capital structure, register support etc.

I guess that's what happens when you have institutional support on the register.

THC Price at posting: 41.0¢ Sentiment: Hold Disclosure: Not Held
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