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What we do know though is that they are raising capital above and beyond what appears to be needed for core operations suggesting CHV may also be looking for an acquisition or at the very least expansion. Based on when their production license was granted, one would expect a sales licence well before recreational legalisation. QCA is an investor. TheDeepDive’s coverage of CHV remains relevant and current.
Canabo Medical Inc. (CMM)
This revenue generator just may prove to be a real backpocket gem for existing investors. And just why is that I used the term “existing”? Two reasons.
Recently, CMM announced a normal course issuer bid whereby it is buying on the market up to 10% of its outstanding and free trading stock. This buying is not only a demand force but is also simultaneously permanently reducing the supply of shares. Oftentimes such a buy back fuels M&A speculation. At time of writing, CMM’s market cap is a hair above $26M with growing revenues.
The other reason is that the market did not have to wait long as on December 22 CMM announced a proposed M&A with Alefia inc. Needless to say, trading in CMM was halted that same day. Keeping it short and simple, congratulations to those of you that invested in this CannaInvestor Magazine strategy company! Some of you, after learning of CHV from our content, commented that CMM seemed ideal for M&A with an LP looking to add a clinic or clinic network. While others noted that our content going back over a year in the USA edition often commented on the fact that the larger Canadian LPs had either added clinics or had partnered with clinics. Still others remarked they had never heard of CMM before Dr. Verbero’s exclusive article in our magazine and when combined with our case studies and other content concluded CMM was ideally suited for M&A activity. CannaInvestor Magazine assisted these retail investors in connecting the dots by different means. That is one key deficiency in subscribing to the material put out by paid promoters and social media characters – they filter what you receive based on their own criteria that, correctly from their vantage point, puts their own clients and their own business model first.