Friday, December 09, 2016 2:10:31 PM
The original CEO retired. His wife resigned as a board member. Both of their preferred shares were retired. 10% of all outstanding shares are being retired. The company was in oil & gas. They have shifted aggressively into the cannabis industry.
The company is acquiring a marijuana directory that will compete with Weedmaps (30M company as of 2014, could be 50M by now) and Leafly.
The company is also purchasing an online marketing video library that will be used it seems as an added value for their subscribers.
The company will also offer online marketing packages for their clients.
They created a new corporate website, but have yet to PR it, however most of the front page has been added to the iBox above. (Thanks Shaz)
The market cap is a little under 450K which is peanuts compared to what this company will be worth once they close on all the components of this thing.
The cannabis market compared to the potential nationwide is less than 10% developed. If they just capture 5% of what Weedmaps is doing, this becomes at least a .025 stock!!
At least a ten bagger in my humble opinion by early first quarter. Accumulate and hold. This one should get interesting soon. GLTA
"One 5Bagger to 10Bagger per Quarter."
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