I find it hard to believe the rest of MMJ's assets are worth only 19mil...
Our half mil investment in ESE @ 20c is now worth about 750k. So the rest of MMJ's stash is worth about 18mil?
Our 2 mil investment in weed.me I'd assume is stll worth at least 2mil, and ready to jump when they get their licence, which should happen before Canada legalises recreational. So the rest of the stash is worth 16mil?
The quarterly released in October stated a consolidated cash position of 21.5m (8.6 of which was MMJ's). Same report has estimated consolidated outflow to end of 2017 at 4.3mil. I recon less than half of that is attributable to MMJ.
Meanwhile, our 100% owned sub, Phytotech has medical IP in phase 2 testing, with phase 1 results puublished in an international peer reviewed journal, indicating superior efficacy than the leading brand Sativex. Similar results were published in a different journal for PTL401.
Somehow this intangible asset is valued at under 10 mil?
One of these days there'll be a catchup, and MMJ's % gain will surpass HVST's. The only thing I don't understand is why it hasn't already.
MMJ Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
