InvestorsHub Logo
Followers 2
Posts 262
Boards Moderated 0
Alias Born 02/23/2017

Re: None

Tuesday, 05/23/2017 8:37:38 PM

Tuesday, May 23, 2017 8:37:38 PM

Post# of 128521
Does anyone here have any idea what the heck is going on with Auscann? Canopy owns a good deal of it so with the SP in seeming free fall right now will it have much effect on CGC's SP?
I know they had a capital raising recently but also announced deals to push forward and expand.
There must be a base somewhere (support was at 0.50 AUD but is currently 0.47 at open in Australia right now)
There's some good info on the board on acnnf but I've found better analysis coming from here.
Canopy holds the shares for another 3 years before they can sell and I think it'll be more solid in 2-3 years but right now what can make the SP fall so hard so fast? MM's or is there something someone knows?
Thanks for any input!