Won't happen until the price is right for larger investors to come on board. They will wait until the Company needs them rather than them needing the Company due to FOMO. Shuoldn't be too much longer given the SP is reaching a historical support level. For me it appears that the stock is in the ECHO phase and will soon be attractive to large funding in 2020.
Net profit I predict will come in mid - late 2021. The 5 year outlook after this should see significant consistant gains as long as the assests are managned well and Management can defend a sizeable market share.
In terms of Cultivation in Australia Cann is my pick for the next 10years and will enjoy watching the story develop.
A video that may assist to understand the mechanisms at work behind this phase of the companies stock price.
https://www.youtube.com/watch?v=cnaetZuXOUE
Changing sentiment to buy but really i am just accumulating during this next phase.
IMO of course and not advice, DYOR and all that good stuff.
Won't happen until the price is right for larger investors to...
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.34M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $3.09K | 82.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1030441 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 125000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| CAN (ASX) Chart |