Having watched CLI closely since its IPO. Decided to take the plunge and mop up a few in and around 3c
Feel like things have started to be turning around here with the Company's increased focus in the Hemp sector since the start of the year.
Currently Hemp and CBD related stocks are all the rage in Canada and US. Whilst our very own ASX stock "EXL" has had stellar run since its IPO last year largely due to the HEMP demand. Up close to 564% since its IPO.
Honestly wouldn't be surprised to see $EXL pass the $10 mark by next year.
Current list of the largest Companies
With CLI's move into the HEMP space with trial Farm and MC of around $9 million can only see it going higher from here.
Also interesting to Note as per the ann on the 27th that CLI are looking to process hemp into CBD products which certainly is an exciting prospect and what I am more interested in.
Leading upto December I feel like CLI will have plenty of news flow coming. Wouldn't be surprised by then to see at $30-$50 million MC by then.
As always DYOR just my views above.
