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To explore each of those Investment Highlights further, you will need to go to their website. From our cumulative content that together forms a dynamic and growing proven “how to invest successfully” in this industry knowledge base, you know which statements are motherhood in nature and/or “fluff” and which to focus on. This is the “filter out the noise” that is emphasized monthly. Let’s look at APP’s capital structure from that list of Investment Highlights as it is the easiest to succinctly analyse in a brief case study.
Capital Structure
Per their website, fully diluted they have 68,538,600 shares. There are aslo over 13-million warrants with strike prices between $0.05 and $0.10.
Therefore, there is a relatively low market cap; however, a key note is that as at September 30, 2017 the company’s operations remain “pre-revenue”. Subsequent to that quarter end, APP has had a few private placements that closed successfully and raised over $1.1M with of course much cash to be realized once those low cost warrants are exercised. Always make a note of the date that warrants with a strike price that is much lower than the current share price become free trading.
App has a relatively low burn rate and as such the cash on hand plus future inflows from warrants being exercised should be adequate well into 2018.
Recent Highlights/News
3 Global Cannabis Partners with Leading Israeli Pharmaceutical Company to Provide Medical Cannabis Data to Blockchain.
3Global Cannabis Applications Corp. Signs Partnership Agreement with the Blockchain Centre Vilnius.
3Global Cannabis's CannaLife, a BlockChain and Artificial Intelligence Social App for Medical Cannabis now on Apple Store and Google Play.
3Global Cannabis Applications Opens Operations in Europe.
3Global Cannabis Secures Exclusive Relationship with Leading Artificial Intelligence Provider.
As part of your due dillgence you need to not only review current news releases but also older ones because often a news release refers to a future transaction or event such the fact that APP had also launched its Australian medical cannabis blockchain.
Therefore, although pre-revenue as at September 30th, the right partnerships and contracts are being established that could lead to impressive and growing revenues over time.