what is the lesson? Is there new information we are not aware of? To me this cannaglobal deal is essentially giving away the derma division for free to a company that does not exist in the hope it goes wild on the Canadian stock exchange. The reports state mgc derma will be the cornerstone product of cannaglobal which makes me wonder what it is truly valuated at and what else cannaglobal have in their portfolio which will make our 12 million stay as 12 million.
It could be masterstroke, it might not happen or it could be a disaster. I suspect finding out if this is going to be a good deal will take 1 - 2 years. I would love to be wrong as I'm holding but I'll take a loss with an average buy of 6c if this is clearly going pear shaped. Guess Monday will be tell tale. I truly believe the potential is there and we must have all seen it as some stage to buy into this stock. It might be a while before this is truly demonstrated.
AIMHO
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