Priced like a cannabis outfit ...10 bucks here we come
Hmm - given that even the margins for the illegal stuff are dropping due to oversupply - why would you think there is lots of money in supplying legal dope?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Hmm - given that even the margins for the illegal stuff are dropping due to oversupply - why would you think there is lots of money in supplying legal dope?
Ask Cannasouth Ltd - they are a $68m company (24% of AFT's market cap) who are purely relying on this sort of stuff (and have $0 revenue and net operating losses)
I suppose there must be something in it - $68m worth in it if CBD is anything to go by.
Ask Cannasouth Ltd - they are a $68m company (24% of AFT's market cap) who are purely relying on this sort of stuff (and have $0 revenue and net operating losses)
I suppose there must be something in it - $68m worth in it if CBD is anything to go by.
hype can do crazy things to market caps ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
They have the experience and understanding to add real value to commericalisation of medicinal cannabis.
... And the profitability and cashflows (and probably contacts)
Sure is far from a CBD style cross our fingers and hope it works - yet, still, CBD worth well north of $60m for this
The problem with one off gains is however, that sadly they are normally only one off ;
...and when the gains are fabricated out of thin air (like AFT ‘independent valuation’ and ‘used in conjunction with its own analysis of fair value’) they often tend to be future ‘impairments’
Just as well non-cash eh
”When investors are euphoric, they are incapable of recognising euphoria itself “
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